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 ...

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 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 ...

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 ...

Topgolf Callaway Brands Corp. (NYSE:MODG) Q4 2023 Earnings Conference Call February 13, 2024 5:00 PM ET Company Participants Katina Metzidakis - VP, IR & Corporate Communications Chip Brewer - President & CEO Brian Lynch - CFO & CLO Conference Call Participants Alex Perry - Bank of America Megan Alexander - Morgan Stanley Randy Konik - Jefferies Daniel Imbro - Stephens Inc. Kate McShane - Goldman Sachs Casey Alexander - Compass Point Research Joe Altobello - Raymond James John Kernan - Cowen Noah Zatzkin - ...

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 ...