TOPGOLF CALLAWAY BRANDS ANNOUNCES SECOND QUARTER 2024 RESULTS
MODGTopgolf Callaway Brands (MODG) Prnewswire·2024-08-08 03:53

Announces Formal Strategic Review of Topgolf Including Organic and Inorganic Alternatives HIGHLIGHTSQ2 Net Income of 62million,NonGAAPNetIncomeof62 million, Non-GAAP Net Income of 83 million, and Adjusted EBITDA of 206millionwereallaheadofexpectations.Q2ConsolidatedRevenuesweredown1.9206 million were all ahead of expectations.Q2 Consolidated Revenues were down 1.9% year-over-year and full year Revenue and Adjusted EBITDA outlook lowered to a range of 4,200 - 4,260millionand4,260 million and 570 - $590 million, respectively.Maintained #1 U.S. model market share in Driver, Fairway Woods and Irons with Ai Smoke clu ...