CARLSBAD, Calif., March 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today issued the following statement:   While it is our long-standing practice not to respond to market rumors and speculation, in light of today's unusual market activity, coupled with a recent media report originating in Korea regarding discussions of a potential sale of the Company or its golf equipment business, we confirm that we are not aware of any such discussions. ...

Topgolf Callaway Brands (MODG 12.75%) is reportedly seeking buyers for at least some of its golf manufacturing assets. Investors are intrigued by the possibility, sending Topgolf shares up 11% as of 10:45 Eastern.Time to unwind a three-year-old deal?Callaway is one of the biggest names in golf, a manufacturer of clubs, balls, and other apparel and equipment. In 2021 the company acquired Topgolf, a chain of golf-related entertainment centers, in an effort to appeal to a younger audience that might not want t ...

Topgolf Callaway (NYSE:MODG) stock is on the rise Wednesday after reports spread that the golf equipment company is selling itself.According to these reports, major stockholders in the company have come together to sell their shares of MODG. That includes Blackrock Advisors LLC, Providence Equity Partners LLC and Thomas Dundon.Getting further into this news, the reports state that Topgolf Callaway will split with this sale. That would result in Topgolf being spun off into its own business. This would also h ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 1-10962 Topgolf Callaway Brands Corp. (Exact name of registrant as specified in its charter) Delaware 95-3797580 (State or other jurisdiction of i ...

Tim Boyle Summary Shares of Topgolf Callaway Brands Corp. (NYSE:MODG) are down more than 50% since its all-time highs set in 2021. The widely known golf company reported better than expected revenue this week, sending shares higher. Despite this, Wall Street is still skeptical on the longer-term plans with Topgolf Management's expansion plans have been expensive and unsurprisingly have impacted bottom-line earnings and short-term valuations. However, I think the sell-off over the past few years could be ...

Well, we track that specifically, and that is indeed the one thing that we were most guarded against. So our results have indeed shown that it not only doesn't cannibalize the weekends, it's additive from a traffic perspective and therefore net profitable. And we're obviously also relatively measured in the promotion that we're now implementing. Half off gameplay only through the app, which is not too dissimilar from what we saw on the Tuesday. But we think that it'll have a positive impact and we did indee ...

Topgolf Callaway Brands (MODG) reported $897.1 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 5.4%. EPS of -$0.30 for the same period compares to -$0.27 a year ago.The reported revenue represents a surprise of +3.60% over the Zacks Consensus Estimate of $865.9 million. With the consensus EPS estimate being -$0.34, the EPS surprise was +11.76%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Topgolf Callaway Brands (MODG) came out with a quarterly loss of $0.30 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this maker of golf equipment and accessories would post earnings of $0.11 per share when it actually produced earnings of $0.20, delivering a surprise of 81.82%.Over the ...

CARLSBAD, Calif., Feb. 6, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its fourth quarter and full-year 2023 financial results on Tuesday, February 13, 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 web ...

Topgolf Callaway Brands Corp.’s (MODG) Callaway Golf unveiled its latest Paradym Ai Smoke Drivers, Fairway Woods, Irons and Hybrids. These clubs, set for pre-sale on Jan 12 and retail availability from Jan 26, 2024, feature the groundbreaking Ai Smart Face.The innovative technology, guided by real player data, strategically places multiple sweet spots across the entire face, unlocking enhanced distance for every player.Focus on Expansion and Digital InitiativesShares of Topgolf Callaway have increased 8.5% ...