Topgolf Callaway Brands Corp. (NYSE:MODG) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Katina Metzidakis - VP, IR & Corporate Communications Chip Brewer - President & CEO Brian Lynch - CFO & CLO Conference Call Participants Matt Boss - JPMorgan Alex Perry - Bank of America Megan Alexander - Morgan Stanley Kate McShane - Goldman Sachs Joe Altobello - Raymond James Casey Alexander - Compass Point Research Noah Zatzkin - KeyBanc Capital Markets Operator Good day and welcome to T ...

▪ 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 ...

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 in ...

Exhibit 99.1 TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS HIGHLIGHTS CARLSBAD, CA /May 8, 2024/ Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands", "we", "our", "us") (NYSE: MODG) announced its financial results for the first quarter ended March 31, 2024. "We are pleased with our overall first quarter results with consolidated revenue and Topgolf same venue sales being in line with our guidance and our achieving better than expected net income, Adjusted EBITDA, ...

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 ...

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, ...

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 ...

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 ...