CARLSBAD, Calif., June 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) is excited to announce it has entered into a multiyear strategic agreement with Visa, a world leader in digital payments, that extends across Topgolf Callaway's family of brands, including Topgolf, Callaway and TravisMathew. The partnership brings with it co-promotional opportunities and cardholder benefits that will kick off this summer with select Cash App Card offers at Topgolf. The partnership aligns with Topgolf ...

Post this In addition to the Unified Fore Joy ProAm, Topgolf locations in the U.S. will continue to support Special Olympics through the annual Giving Season Aug. 1 – Sept. 30. Topgolf's 90 U.S. venues will offer players the opportunity to donate to Special Olympics by donating on their check, purchasing a $5 Law Enforcement Torch Run® for Special Olympics Flame icon or purchasing an exclusive Red Glove to donate $5 to Special Olympics. In addition to the Unified Fore Joy ProAm, Topgolf locations in the U.S ...

DALLAS, June 6, 2024 /PRNewswire/ -- A typical golf announcer speaks in a calm and respectable manner. The gravity of each shot can be felt through the announcer's hushed voice and controlled breathing during crucial moments of the game. "This next installment of our Come Play Around campaign is about delivering our Players reasons to play and a strong value offer," said Topgolf Chief Brand Officer Geoff Cottrill. "Consumers are searching for value everywhere they go, and we wanted to find a way to highligh ...

"We are beyond excited by everything we have in store for our Players this summer," said Topgolf Chief Brand Officer Geoff Cottrill. "We have put a ton of thought and planning into how we can make this summer a memorable one for all who visit and feel there is truly something that will surprise and delight our Players no matter what part of the Topgolf experience they enjoy the most." Case in point: Whether Players like to save money or win money (or both!), check out new food creations or find comfort in t ...

Morse joins Topgolf from Dallas-based Andrews Distributing DALLAS, May 22, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Maryam Morse has been named its new Chief People Officer beginning May 27. Morse joins the company from Andrews Distributing where she served as the Executive Vice President of Human Resources and Communications since 2018. In her new role, Morse will oversee recruitment and retention, leadership development, training and compliance, the Playmaker (aka ...

Group 1: Major Victory and Performance - Xander Schauffele won his first major title at the 2024 PGA Championship, achieving a record low score of 21-under par with rounds of 62-68-68-65 [1][2] - Schauffele's victory was marked by a birdie on the final hole, showcasing his consistent performance throughout the tournament [2][3] Group 2: Equipment and Technology - Schauffele's winning equipment included the Callaway Paradym Ai Smoke Triple Diamond Driver, which features an industry-first Ai Smart Face designed to optimize performance based on swing dynamics [4][6] - The Chrome Tour Golf Ball used by Schauffele provides fast ball speeds and excellent greenside control, contributing to his high rankings in Strokes Gained metrics on the PGA TOUR [5][6] - The Odyssey Putter, which has a mallet shape, played a crucial role in Schauffele's success, being recognized as the 1 Putter at the PGA Championship and on Tour [6][8] Group 3: Company Recognition and Market Position - Callaway Golf, a leading manufacturer in the premium golf equipment market, has seen significant success with its products, including achieving the highest market share in the premium golf ball category [5][8] - The company expressed pride in Schauffele's achievements, highlighting his relationship with the brand and the impact of their equipment on his performance [7][8]

Core Insights - Topgolf has entered an eight-year beverage partnership with PepsiCo, starting on May 15, 2024, with a full rollout expected by June 2024 [1][2] - The partnership aims to enhance the player experience through various activations and offerings, including a sweepstakes for eight years of free Topgolf play and PepsiCo beverages [3][4] Company Overview - Topgolf is a leading modern golf entertainment company with 100 venues globally, focusing on tech-driven games and a vibrant atmosphere [8] - PepsiCo is a global leader in food and beverages, generating over $91 billion in net revenue in 2023, with a diverse portfolio of iconic brands [11] Partnership Details - The partnership will feature a wide range of PepsiCo beverages available at Topgolf venues, including Pepsi®, Gatorade®, and Tropicana® [2][3] - Unique player experiences will be introduced, such as crafted beverages and custom experiential spaces, enhancing the overall engagement at Topgolf [5][7] Marketing and Promotions - A sweepstakes will run from May 15 to July 31, allowing participants to win prizes including free game play and Pepsi-Cola products [4] - The partnership will also include a promotional "Topgolf Summer of Play Delivery Truck" that will travel across the country, offering branded swag and prizes [6]

▪ Net CapEx of $240M ($180M forTopgolf), is $20M lower than prior guide due to venue timing ▪ Anticipate ~$50 million pay down in Term Loan debt | --- | --- | --- | --- | --- | |------------------------------------------|---------|---------------|----------|-------------| | ($ in millions, except for EPS) 1 | Topgolf | Non-Topgolf 5 | Total | Prev. Total | | Adjusted EBITDA | ~$350 | ~$280 | ~$630 4 | $630 4 | | Non-GAAP Depreciation & Amortization | | | ~$260 | ~$265 | | Non-GAAP Topgolf D&A | ~$205 | | ~$ ...

For the quarter ended March 2024, Topgolf Callaway Brands (MODG) reported revenue of $1.14 billion, down 2% over the same period last year. EPS came in at $0.09, compared to $0.17 in the year-ago quarter.The reported revenue represents a surprise of -0.80% over the Zacks Consensus Estimate of $1.15 billion. With the consensus EPS estimate being $0.01, the EPS surprise was +800.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to det ...

Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 800%. A quarter ago, it was expected that this maker of golf equipment and accessories would post a loss of $0.34 per share when it actually produced a loss of $0.30, delivering a surprise of 11.76%.Over th ...