Topgolf Callaway Brands Corp. (MODG) is focusing on boosting its digital business, especially by building out its Topgolf brand's digital business. Capitalizing on the opportunities this strategic initiative offers, the company, with its Topgolf brand, recently launched a golf equipment website, Topgolf Shop. This transitionary move amalgamates Topgolf Callaway's expertise in the golf equipment space with the Topgolf brand's motto of making the game more accessible to new players or beginner golfers of the ...

The website features golf clubs, balls and accessories for beginner golfers DALLAS, Oct. 3, 2024 /PRNewswire/ -- Topgolf and Topgolf Callaway Brands Corp. (NYSE: MODG) announced today the launch of golf equipment website, Topgolf Shop, geared toward providing beginners and off-course Players with a simple way to purchase entry-level golf equipment. The site marries Topgolf Callaway Brands' expertise in golf equipment with Topgolf's commitment to making the game more accessible and fun for beginner golfers. ...

Half-price gameplay offer invites Players to discover the newest place to play DALLAS, Oct. 3, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Bryan on Oct. 18 in the former BigShots venue located at 400 W. Villa Maria Road in Travis Bryan Midtown Park. This is the first BigShots transition since Topgolf Callaway Brands Corp. acquired four domestic BigShots venues in November 2023. Topgolf Basics Topgolf Bryan opens in Travis Bryan Midtown Park on Oct. 18To ...

Topgolf Callaway Brands Corp. (MODG) signed a multiyear agreement with Golf Saudi Entertainment LLC (Golf Saudi) to expand its brands in Saudi Arabia. This deal includes popular brands like Topgolf, Callaway, TravisMathew, Odyssey and Ogio, further supporting the company's global growth. MODG is expanding into the Middle East by partnering with Golf Saudi to establish its presence in Saudi Arabia. This collaboration will introduce innovative offerings and enhance the growth of golf in the region, positionin ...

Core Viewpoint - Topgolf Callaway Brands Corp (NYSE:MODG) is splitting into two distinct businesses, with Callaway focusing on golf equipment and active lifestyle products, while Topgolf will concentrate on golf entertainment [1] Group 1: Company Performance - MODG's stock is currently trading at $10.65, having experienced a decline of 1% [1] - The stock reached a 10-month low of $9.90 on August 30, 2024, and is down 22.6% year-to-date and 36% year-over-year, although it has gained 10.6% over the past week [2] Group 2: Market Sentiment - Short-term options traders are showing bearish sentiment, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 0.87, which is higher than 76% of readings from the past year [2] - Analysts' responses to the separation may vary, with eight out of thirteen analysts maintaining "hold" or worse ratings, and 13.5% of the stock's total float sold short [3]

Key Takeaways Shares of Topgolf Callaway rose in premarket trading Thursday, a day after the company announced its intention to separate into two companies just over three years after their merger was completed. The companies merged in March 2021, calling it a "highly complementary fit" at the time. Callaway now believes the investments it has made set Topgolf up for long-term growth, and sees the best way forward for Topgolf as a separate public company. Shares of Topgolf Callaway Brands (MODG) rose about ...

Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required Scale to be Leaders in Their Respective Markets CARLSBAD, Calif., Sept. 4, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE: MODG) today announced that its B ...

The two-level venue will be located along I-40 at Guilford College Road DALLAS, Aug. 29, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Greensboro on Friday, Sept. 13. This is the fourth Topgolf venue in North Carolina including locations in Charlotte and Durham. The Basics Topgolf Greensboro celebrates grand opening on Friday, Sept. 13Topgolf Greensboro celebrates grand opening on Friday, Sept. 13 If you've never been to a Topgolf venue before, think of i ...

The two-level venue sits within The Parkways development in West Des Moines DALLAS, Aug. 22, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its first venue in Iowa, Topgolf Des Moines, on Sept. 6. This is Topgolf's 101st global outdoor venue. Topgolf Basics Topgolf opens its first venue in Iowa, Topgolf Des Moines, on Sept. 6.Topgolf opens its first venue in Iowa, Topgolf Des Moines, on Sept. 6. Never been to a Topgolf venue? Think of it as a modern golf experienc ...

Morsa Images/DigitalVision via Getty Images Summary Following my coverage of Topgolf Callaway Brands Corp. (NYSE:MODG) in May'24, for which I recommended a buy rating as the business was progressing well, which, I thought, would enable MODG to beat the FY24 guidance, this post is to provide an update on my thoughts on the business and stock. I revised my rating from buy to sell as I have lost confidence in MODG's ability to drive positive SVS growth in the near term, especially since all the initiatives imp ...