Accessibility StatementSkip Navigation CARLSBAD, Calif., Oct. 30, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its third quarter 2025 financial results on Thursday, November 6, 2025, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. ...

We came across a bullish thesis on Topgolf Callaway Brands Corp. on Valueinvestorsclub.com by GoBills42. In this article, we will summarize the bulls’ thesis on MODG. Topgolf Callaway Brands Corp.'s share was trading at $9.30 as of October 15th. MODG’s trailing and forward P/E were 98.91 and 156.25 respectively according to Yahoo Finance. Pixabay/Public Domain TopGolf Callaway is preparing to separate its TopGolf Entertainment business from its core golf club, apparel, and TopTracer operations, with the ...

Accessibility StatementSkip Navigation Topgolf will open near the intersection of Beltline Highway and West Broadway in Monona in fall 2026 DALLAS, Oct. 16, 2025 /PRNewswire/ -- Topgolf announced today that construction is underway on a two- level venue in Monona, Wisconsin, located eight miles east of Madison. The highly anticipated venue will be Topgolf's first venue in the state of Wisconsin and is set to open in the fall of 2026. Topgolf breaks ground on its first venue in the state of Wisconsin outsi ...

Core Insights - Topgolf is set to open its second venue in Minnesota, located in Woodbury, on October 30, 2025, marking its 111th global outdoor venue [1][3]. Company Overview - Topgolf is a leader in modern golf entertainment, offering a unique experience that caters to both beginners and experienced players in a relaxed environment [7]. - The new Woodbury venue will feature 102 outdoor climate-controlled hitting bays across three levels, employing approximately 350-400 staff members [7]. - The venue will include a full-service bar and restaurant, advanced Toptracer technology for tracking golf ball metrics, and various entertainment options such as virtual courses and games [7]. Community Impact - The opening of Topgolf Woodbury is expected to attract visitors from the region, benefiting local businesses and creating job opportunities [7][8]. - Local officials, including the Mayor of Woodbury, have expressed excitement about the venue's potential to enhance recreational activities in the community [7]. Promotional Activities - To celebrate the opening, Topgolf is offering a chance to win one year of free gameplay for customers who make reservations between October 30 and November 13 [2].

The Zacks Leisure and Recreation Products industry is benefiting from a positive fitness product sales trend, driven by growing health and fitness awareness. Industry participants who design, market, retail and distribute products for the outdoor and recreation market are witnessing solid demand. Stocks like Acushnet Holdings Corp. (GOLF) , Peloton Interactive, Inc. (PTON) and Topgolf Callaway Brands Corp. (MODG) are likely to benefit from the trends mentioned above.Industry Description The Zacks Leisure an ...

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Core Thesis - The bullish thesis on Topgolf Callaway Brands Corp. (MODG) highlights the investment opportunity created by the upcoming spin-off of its TopGolf Entertainment business, which is expected to enhance the valuation of the remaining company focused on premium golf clubs, active-lifestyle apparel, and the TopTracer platform [2][5]. Financial Metrics - As of September 4th, MODG's share price was $9.12, with trailing and forward P/E ratios of 98.91 and 156.25 respectively [1]. - The remaining company trades at approximately 5× the projected 2027 EPS of $1.57 and 1.2× EV/Sales, indicating a valuation significantly below peers like TaylorMade and Titleist, suggesting substantial upside potential [2]. Market Dynamics - The core golf business is benefiting from COVID-era demand tailwinds, an impending club replacement cycle, and increased golf participation, particularly among women and juniors, which expands the addressable market [2]. - TopTracer, a gamified ball-tracking technology, is installed in over 24,000 bays and represents a high-margin recurring revenue stream, with potential for a 15% EBIT uplift through incremental sign-ups and pricing power [3]. Operational Strengths - Callaway's core brands, including TravisMathew, Ogio, and Callaway apparel, maintain strong market positioning and premium perception, supported by solid consumer demand despite temporary inventory challenges [3]. - The recent sale of Jack Wolfskin for $290 million has improved the company's balance sheet, enhancing financial flexibility for debt reduction or reinvestment [3]. Growth Catalysts - Multiple catalysts for growth include the impending TopGolf separation, macro golf tailwinds, and under-monetized TopTracer revenue, which could offer potential upside of 70%–125% over the next two to three years [4]. - Even without the spin-off, Callaway's core business presents attractive value and a clear deleveraging path, positioning it as an underrecognized opportunity in the golf and active-lifestyle sectors [4].

Core Insights - Topgolf Callaway Brands is being introduced by Katharine McShane, a Managing Director and Retail Analyst [1] - Chip Brewer serves as the President and CEO of Topgolf Callaway Brands, having joined the company in 2012 [1] - Brian Lynch is the Executive Vice President, CFO, and Chief Legal Officer, with a tenure at the company since 1999 [1]

Financial Data and Key Metrics Changes - The company updated its tariff cost estimate from $25 million to $40 million, impacting EBITDA [24][25]. - Despite challenges, the EBITDAR margin performance has remained flat year-over-year, indicating strong operational management [50]. Business Line Data and Key Metrics Changes - The golf equipment segment has seen a significant increase in participation, with 1.5 million new golfers in the U.S., the highest growth since 2000 [4][5]. - Same venue sales for Topgolf have faced challenges, with a reported decline of 6% in Q2, but traffic has shown double-digit growth in June and July due to new value propositions [41][36]. Market Data and Key Metrics Changes - The golf industry has experienced a resurgence post-pandemic, with a broader and more diverse customer base, including increased female participation [4][11]. - The corporate event side of Topgolf remains challenged, with companies cutting back on budgets, impacting sales [44][47]. Company Strategy and Development Direction - The company is focusing on innovation and product development, leveraging AI in product design to maintain a competitive edge [17][19]. - A strategic reset for Topgolf is underway, emphasizing value propositions to attract customers and improve same venue sales [41][36]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about consumer trends, noting that the summer performance has been strong and expects this to continue [54]. - The competitive landscape is expected to favor companies with strong supply chains and innovative capabilities, with market share consolidation likely to speed up [63][65]. Other Important Information - The company has diversified its supply chain to mitigate tariff impacts, having moved away from sourcing from China [25][26]. - There are ongoing initiatives to improve operational efficiency and cost structure in response to the current economic environment [27]. Q&A Session All Questions and Answers Question: What are the expectations for the consumer environment in the second half of the year? - Management has seen positive consumer trends and expects this to continue [54]. Question: How has pricing been affected by tariffs? - The company has been strategic in pricing, with no significant impact on the golf equipment side despite some price increases [57][58]. Question: What are the expectations for inventory growth into the second half? - There are no significant changes anticipated in inventory management, with normal practices expected [59]. Question: Are there any disruptions from supply chain uncertainty? - No disruptions are currently seen in the supply chain, with adjustments planned for the long term [60]. Question: How are freight, wages, and materials expected to change into 2026? - No significant changes are anticipated in freight rates, wages, or material costs [61]. Question: What is the outlook for market share consolidation in 2026? - Market share consolidation is expected to speed up, favoring companies with strong supply chains and innovative capabilities [63][65].

Core Insights - Topgolf is set to open a new venue in Avon, Ohio, on September 19, 2025, marking its fifth location in the state [1][2] - The new venue is strategically located approximately 20 miles west of downtown Cleveland, enhancing Topgolf's presence in the Northeast Ohio market [1][5] Company Overview - Topgolf is a brand under Topgolf Callaway Brands Corp. (NYSE: MODG), known for its tech-enabled modern golf experiences and entertainment [8][9] - The company operates over 100 venues globally, utilizing industry-leading Toptracer technology to enhance the golfing experience [8][9] Venue Features - Topgolf Avon will feature 64 outdoor climate-controlled hitting bays across two levels, equipped with lounge-type furniture and high-top tables [6] - The venue will employ approximately 200 staff members, referred to as "Playmakers," who will provide various services [6] - Topgolf Avon will include a full-service restaurant and bar, a private event space, and a 22-foot video wall, along with over 100 HDTVs and year-round family-friendly programming [6] Community Impact - Local officials, including Avon Mayor Bryan Jensen, express excitement about Topgolf's arrival, highlighting its potential to provide a unique experience for residents and visitors [5] - The venue is expected to contribute to the local economy and enhance the entertainment options available in the growing city of Avon [5]