Topgolf Callaway Brands (MODG)
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Topgolf Callaway Brands (MODG) Beats Q1 Earnings Estimates
Zacks Investment Research· 2024-05-08 22:31
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 ...
Topgolf Callaway Brands (MODG) - 2024 Q1 - Quarterly Report
2024-05-08 21:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 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 number 001-10962 Topgolf Callaway Brands Corp. (Exact name of registrant as specified in its charter) Delaware 95-3797580 (State or other jurisdiction of (I ...
Topgolf Callaway Brands (MODG) - 2024 Q1 - Quarterly Results
2024-05-08 20:19
Exhibit 99.1 TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS HIGHLIGHTS • Q1 Revenue of $1.144 billion and Topgolf same venue sales of -7% – both in line with expectations. • Net Income of $7 million, Non-GAAP Net Income of $16 million and Adjusted EBITDA of $161 million – all ahead of expectations. • Company reaffirmed full year Adjusted EBITDA guidance and increased full year earnings per share and cash generation outlook. • Ai Smoke clubs achieved #1 U.S. market share in Driver, Fairw ...
Topgolf Callaway Brands to Release First Quarter 2024 Financial Results
PRNewsWire· 2024-05-01 20:10
CARLSBAD, Calif., May 1, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its first quarter 2024 financial results on Wednesday, May 8, 2024, 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. Eastern Time). A live webcast and presentatio ...
Topgolf Opens Its Doors in Montebello, California, on May 3
Prnewswire· 2024-04-18 18:24
The three-level venue sits adjacent to the fully redesigned Montebello Golf CourseDALLAS, April 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open in Montebello, California, on May 3, marking the company's 100th global outdoor Topgolf venue. The company’s 100th global outdoor Topgolf venue opens May 3 in Montebello, California. Topgolf’s new game, Block Party, makes it easier than ever for Players to score points. Located about 10 minutes east of downtown LA, ...
Why Topgolf Callaway Stock Was a Solid Hit in March
The Motley Fool· 2024-04-05 22:31
Deal chatter has investors hoping an ill-fated acquisition might be undone.Rumors are swirling about a potential deal involving Topgolf Callaway Brands (MODG 1.23%), leaving investors dreaming about above-par returns. Shares of the golf and entertainment company climbed 13.6% in March, according to data provided by S&P Global Market Intelligence, as the market digested buyout talk from overseas.Will Topgolf get a merger mulligan?Topgolf Callaway was formed by a 2021 merger that, although seemingly logical a ...
Long-Awaited Topgolf Durham Opens Friday, April 12
Prnewswire· 2024-04-01 12:45
Topgolf's third North Carolina venue will be located at 4901 Topgolf Way in DurhamDALLAS, April 1, 2024 /PRNewswire/ -- At long last, modern golf entertainment leader Topgolf announced today it's opening its Durham venue on Friday, April 12.The Basics Topgolf Durham will be located at the Page Road exit on Interstate 40 in south Durham. Never been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfe ...
TopGolf Callaway Was Soaring This Week: Here's Why
The Motley Fool· 2024-03-22 19:30
Shares of TopGolf Callaway stock (MODG 1.19%) started roaring higher this week, according to data from S&P Global Market Intelligence. The golf equipment and entertainment company started moving higher after reports a South Korean investor group was going to buy its golf equipment and apparel business. However, management refuted these claims and said they weren't aware of any talks.As of 2:57 p.m. ET on Friday, March 22, shares of TopGolf Callaway are up 13.7% this week.Is the company selling? No, accordin ...
TOPGOLF CALLAWAY BRANDS SUCCESSFULLY COMPLETES DEBT REPRICING
Prnewswire· 2024-03-21 20:19
CARLSBAD, Calif., March 21, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today announced the repricing of its term loan, thereby lowering its future interest costs. Summary of Transaction Successfully repriced the existing $1.24 billion Topgolf Callaway Brands first-lien term loan due 2030 Lowered the Topgolf Callaway Brands first-lien term loan interest rate by 50 basis points, to SOFR +300, and eliminated the 10-basis point credit spread adj ...
Topgolf Callaway (MODG) Surges 8.8%: Is This an Indication of Further Gains?
Zacks Investment Research· 2024-03-21 15:26
Topgolf Callaway Brands (MODG) shares soared 8.8% in the last trading session to close at $15.66. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.4% loss over the past four weeks.Topgolf Callaway Brands scored a strong price increase after the company’s recent announcement in response to the meadia reports surrounding potential sale of its California-based Callaway Golf business. The company said that it was unaware of any such ...