Poor comp sales and lowered guidance caused the stock to crumble yet again. Shares of Topgolf Callaway Brands (MODG -6.35%) slipped close to 25% this week, according to data from S&P Global Market Intelligence. The owner of Callaway, Topgolf, and TravisMathew posted weak growth for the second quarter of 2024. Suffering for many years, the stock is now down 20% year to date and 33% over the last 12 months. Here's why Topgolf Callaway stock fell yet again this week. Lower Topgolf traffic, guidance reduction T ...

Topgolf Callaway Brands (MODG) reported $1.16 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.9%. EPS of $0.42 for the same period compares to $0.39 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.19 billion, representing a surprise of -2.67%. The company delivered an EPS surprise of +50.00%, with the consensus EPS estimate being $0.28. While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this maker of golf equipment and accessories would post earnings of $0.01 per share when it actually produced earnings of $0.09, delivering a surprise of 800%. Over ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol(s) Name of Each Exchange on which Registered Common Stock, $0.01 par value per share MODG The New York Stock Exchange Form10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period to Commission file numb ...

Exhibit 99.1 TOPGOLF CALLAWAY BRANDS ANNOUNCES SECOND QUARTER 2024 RESULTS Announces Formal Strategic Review of Topgolf Including Organic and Inorganic Alternatives HIGHLIGHTS • Q2 Net Income of $62 million, Non-GAAP Net Income of $83 million, and Adjusted EBITDA of $206 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 - $4,260 million and $570 - $590 million, respectively. • Mainta ...

Announces Formal Strategic Review of Topgolf Including Organic and Inorganic Alternatives HIGHLIGHTS Q2 Net Income of $62 million, Non-GAAP Net Income of $83 million, and Adjusted EBITDA of $206 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 - $4,260 million and $570 - $590 million, respectively. Maintained #1 U.S. model market share in Driver, Fairway Woods and Irons with Ai Smoke ...

Enter Topgolf's The Sure Thing club, designed in collaboration with Callaway engineers and made for the everyday, "just want to feel the thrill of hitting a golf ball" Player. Not for sale and only available for gameplay at Topgolf, The Sure Thing is equipped with features that basically guarantee your golf swing, is, well, a sure thing: Enormous club face: A larger club face means a better chance of making contact with the ball, resulting in less whiffs and more hits. 20° loft: Real talk – all that means i ...

Schauffele makes history and becomes the Champion Golfer of the Year with an iconic final round 65 at Royal Troon Callaway Staff Pro Xander Schauffele captured his 2nd major win at The Open Championship. Callaway's Ai Smoke Triple Diamond Drivers, Chrome Tour Golf Ball Family and new Opus Wedges have now earned 3 major wins with Xander's victories and Yuka Saso's win at the U.S. Women's Open. His Chrome Tour Golf Ball is the new gold standard in performance; it provides Xander with total performance from te ...

Chamberlin joins Topgolf from PENN Entertainment Inc. DALLAS, July 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Erin Chamberlin has been named its new Chief Operating Officer beginning July 22. Chamberlin joins the company from PENN Entertainment Inc., the largest provider of gaming entertainment in North America, where she served as a Senior Vice President of Regional Operations since 2019. In her new role, Chamberlin will be responsible for Topgolf's globally owne ...

The new Opus Platinum Wedges are a true leap forward, fusing advancements from metal injection molding (MiM), and tungsten for launch control. MiM Construction has opened the door for Callaway to deliver precision in wedge construction like never before, to dial in touch and feel where players need it. Tungsten has also been incorporated into the topline bringing the flight lower for more control and spin into greens. The designs incorporate Spin Gen Face Technology for Tour-level spin along with Tour Certi ...