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S&P Ends Session Narrowly Amid Government Shutdown, Airline Stress | Closing Bell
Youtube· 2025-11-07 21:47
Market Overview - The trading day ended with mixed results, with the S&P 500 and Dow showing slight gains of 0.2% and 0.1% respectively, while the NASDAQ fell by 0.2% due to pressure from big tech stocks [6][8] - Airline stocks experienced volatility, initially down by 2.6% but later rebounding to a gain of 3.8%, reflecting hopes of a resolution to the ongoing government shutdown [2][3] Earnings and Company Performance - Upcoming earnings reports to watch include major companies such as Walt Disney, Paramount, and Warner Brothers Discovery, which could impact market sentiment [4] - Expedia emerged as the top gainer in the S&P 500, rising by 17.5% and projecting a 6.5% increase in revenue for the year, driven by strong travel trends [12] - Monster Beverage also performed well, gaining 5.2% after exceeding expectations in its third-quarter results, with analysts optimistic about its gross margins [14] - Callaway Golf, which owns Topgolf, saw a 14.3% increase in stock price after raising its annual revenue guidance to $3.92 billion, up from a previous estimate of $3.86 billion [15][16] Decliners - JBS, a meat processing company, fell by 3.64% following a presidential announcement regarding an investigation into price manipulation in the meatpacking industry [17][18] - Block, formerly known as Square, saw a decline of 7.7% despite raising its full-year profit forecast, as its third-quarter revenues fell short of expectations [20] - Sweetgreen shares hit a record low, down 7.5%, after cutting its revenue guidance and missing analyst estimates [22] Economic Indicators - A significant drop in U.S. corrugated box shipments, the lowest since 2015, raises concerns about a weak holiday retail shopping season, indicating potential economic uncertainty [27][28]
3 Leisure Stocks Set to Pull Off a Beat This Earnings Season
ZACKS· 2025-11-05 18:01
Industry Overview - The leisure industry is experiencing robust demand for recreational products, particularly in the golf sector, supported by elevated disposable incomes and stable employment levels [1][3] - Companies are focusing on business model transformation through AI-driven efficiency initiatives and enhanced digital engagement to improve customer acquisition and retention [1][4] - Infrastructure investments and portfolio expansions are expected to provide a positive impact on growth [1] Golf Industry Insights - The U.S. golf equipment market is projected to generate approximately $2.67 billion in revenues by 2025, with a compound annual growth rate of 3.88% from 2025 to 2030 [3] - U.S. consumers are expected to contribute $7.78 on a per capita basis to the golf market, while China is anticipated to lead globally with projected revenues of around $9 billion in 2025 [3] Product Development and Market Trends - Companies are emphasizing premium product launches, including next-generation golf balls, clubs, and performance footwear, to enhance player experience and brand loyalty [4] - The boat industry is focusing on maintaining stability through right-sizing channel inventories and innovative product development [5] - The cruise industry is gaining momentum due to increased onboard spending and targeted investments in marketing and pricing optimization [7] Performance Expectations - MasterCraft Boat Holdings, Inc. is expected to report strong performance due to premium product demand and innovation, with an Earnings ESP of +4.08% [12][13] - Melco Resorts & Entertainment Limited is likely to benefit from strength in Macau's gaming market, with an Earnings ESP of +9.09% [14][15] - Planet Fitness, Inc. is anticipated to see growth from steady membership increases and franchise expansion, with an Earnings ESP of +2.03% [16][17]
TruGolf Re-imagines the Driving Range:
Globenewswire· 2025-11-05 13:30
Core Insights - TruGolf Holdings Inc. has announced the launch of TruGolf Range, a next-generation indoor golf practice platform that aims to revolutionize golf training and course operations [1][2][5] Company Overview - TruGolf Range will debut at the 2026 PGA Show in Orlando, Florida, positioning the company as a leader in modernizing golf practice [2] - The platform integrates advanced analytics with a realistic practice environment, utilizing the E6 by TruGolf simulation engine [3] Product Features - Each modular range can accommodate multiple hitting bays with expansive screens, allowing for scalable installations from compact setups to full-venue environments [4] - The system includes an intuitive touchscreen command center for players to log into profiles, set up drills, and view live shot data [9] Business Model Transformation - TruGolf Range aims to transform driving ranges from cost centers into profit engines by eliminating major variable costs associated with outdoor ranges, such as maintenance and irrigation [6][7] - The U.S. golf driving range industry was valued at $23.3 billion in 2024, with technology-enhanced ranges showing 40-50% higher revenue compared to traditional setups [8] Sustainability and Efficiency - The platform supports sustainability by potentially eliminating the need for irrigation, contributing to water management efforts that have already reduced U.S. golf course irrigation by 29% since 2005 [12] - Indoor ranges can operate unmanned 24/7, creating new revenue streams and efficiencies for course owners [13] Future Outlook - TruGolf Range is positioned to enhance player engagement year-round while providing operational breakthroughs for facility operators [13]
PGA Tour Cancels Sentry Tournament Of Champions For 2026.
Forbes· 2025-10-23 20:57
Core Points - The Sentry Tournament of Champions for 2026 has been cancelled due to severe damage to the Plantation Course at Kapalua caused by drought conditions [3][4] - The Sony Open will now serve as the season-opening event for 2026, scheduled for January 12-18 [3] - The PGA Tour had been exploring options to hold the tournament at an alternate site but faced logistical challenges [4][5] PGA Tour and Sentry Partnership - The PGA Tour expressed appreciation for the collaboration with Sentry Insurance despite the cancellation of the event [5] - Sentry Insurance remains committed to its long-term partnership with the PGA Tour, which extends through 2035 [7] - The PGA Tour aims to reinstate the Sentry Tournament of Champions in the future, highlighting its significance in the tour schedule [6][7] Historical Context - The Sentry Tournament of Champions has traditionally opened the PGA Tour season, having been the inaugural event from 1986-2013 and again starting in 2024 [5] - The field for the tournament was expected to include the top 50 players from the FedExCup standings and winners of PGA Tour events in 2025 [5]
Jeff "JH" Foster Leads The Marquie Group to Profitability
Globenewswire· 2025-10-23 13:51
Core Insights - The Marquie Group, Inc. (TMGI) is entering a new phase of opportunity in the global golf industry with the appointment of JH Foster as Chairman & CEO following a strategic acquisition [1][2][3] Company Overview - TMGI is a publicly traded company focused on growing innovative businesses in the golf, hospitality, and technology sectors [5] - The company has evolved into an international management and investment firm [5] Leadership and Strategy - JH Foster, the new CEO, has a vision to transform TMGI into a leader in the golf industry by acquiring and developing golf courses into family-friendly destinations [3] - Foster's background includes founding Arizona Fairways Magazine and creating Arizona Golf and Travel, showcasing his deep connections in the golf community [4] Acquisitions and Assets - The acquisition includes profitable golf courses Apache Creek and Mountain Brook in Arizona, along with the reservations company Stand-By Golf, which will enhance TMGI's financial position from day one [2][3] - Stand-By Golf offers significant discounts on tee times at over 200 championship courses, enhancing the golfing experience for users [7] GETGOLF Platform - The GETGOLF platform, under development, aims to provide real-time tee-time booking, travel planning, and social networking services, positioning itself as a global brand in the golf industry [2][6] - The platform is set to launch in the third quarter of 2026, indicating a strategic timeline for growth and expansion [6]
The Marquie Group, Inc. Announces Change of Control, Appointment of New Chairman and CEO
Globenewswire· 2025-10-20 19:43
Core Insights - The Marquie Group, Inc. has undergone a change of control with the transfer of a majority of its voting securities to GETGOLF, LLC, completing the Stock Purchase Agreement dated September 18, 2025 [1] - Jeff Foster has been appointed as the new Chairman and CEO, succeeding Marc Angell, who will remain in a consulting role [2][4] - The acquisition of GETGOLF and its subsidiaries, which include Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf, is expected to enhance the company's revenue and profitability, with combined annual gross revenues exceeding $8 million and nearly $2 million in profit [4] Company Leadership Changes - The Board of Directors has unanimously approved the new leadership appointments and the expansion of the Board to include Kelly Kirchhoff as a new Director [2][3] - Jeff Foster expressed gratitude towards Marc Angell for his leadership and contributions during the transition [4] Financial Overview - The acquisition of GETGOLF is anticipated to significantly impact TMGI's financial performance, with the combined businesses generating over $8 million in annual gross revenues and an estimated profit of nearly $2 million [4] Corporate Communication - All updates and corporate filings related to the transition will be made available through the company's public disclosure channels, including SEC filings and OTC Markets disclosures [5]
TruGolf Named Exclusive Golf Technology Supplier to New Golf Everywhere Facility
Globenewswire· 2025-10-08 20:03
Core Insights - TruGolf Holdings, Inc. has been selected as the exclusive supplier of golf simulators for the upcoming Golf Everywhere facility in Flower Mound, Texas, which will be the largest indoor golf facility in the U.S. [1][2] - The facility will span approximately 6 acres and will feature 33 bays, 16 private suites, and a dedicated training area, marking a significant expansion in indoor golfing options [1][3] - The contract for this project is valued at $4.5 million, representing TruGolf's largest technology project in a single location to date [1] Company Overview - TruGolf has been a key player in the golf industry since 1983, focusing on innovative indoor golf solutions and technology to enhance the golfing experience [5] - The company aims to make golf more accessible and affordable through its products, which include award-winning video games and advanced hardware solutions [5] - TruGolf's mission is to grow the game of golf by leveraging technology, believing that golf should be available to everyone [5] Partnership Details - Golf Everywhere's founder, Myles Vlachos, emphasized the alignment of visions between Golf Everywhere and TruGolf, aiming to provide a realistic golfing experience [2] - TruGolf will supply a comprehensive suite of proprietary and partner technologies, including the E6 platform and Golf 918 software for various operational needs [2] - The partnership is expected to enhance community engagement in golf and provide a modern country club experience [2] Facility Features - The Flower Mound facility will offer both private memberships and public access, along with a learning academy and a large putting and chipping complex [3] - Additional amenities will include a wellness center and multiple dining and entertainment options, enhancing the overall experience for visitors [3]
The Marquie Group Acquires GETGOLF
Globenewswire· 2025-10-01 15:44
Core Insights - The Marquie Group, Inc. has completed the asset acquisition of GETGOLF and its subsidiaries, which include Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf, generating over $8 million in annual gross revenues and nearly $2 million in profit [1][2] - Incoming Chairman and CEO Jeff Foster emphasizes that this acquisition serves as a launchpad for the future of golf, with GETGOLF set to scale globally and enhance golfer interactions through real-time tee-time booking and travel planning [2] - Current CEO Marc Angell expresses confidence in the growth potential of GETGOLF, highlighting its position as a leader in the rapidly growing golf industry [2] Company Overview - The Marquie Group, Inc. is transitioning to new management following the acquisition of GETGOLF, indicating a significant change in control and strategic direction [1][2] - The acquisition is expected to create new connections between golfers and courses, enhancing the overall golfing experience [2] Financial Performance - The combined businesses of GETGOLF and its subsidiaries are estimated to generate annual gross revenues exceeding $8 million, with profits nearing $2 million, although these figures are unaudited [1]
X @The Economist
The Economist· 2025-09-28 18:40
Marketing & Advertising - Golf companies are now paying YouTubers and TikTokers to advertise their products [1] - Golf companies are also paying promising young players for advertising [1] - The industry recognizes the value of embracing content creators for marketing [1]
Eastside Golf aims to break down racial and economic barriers in golf
NBC News· 2025-09-26 19:09
We bow out the golf course for the day. Free golf lessons, uh, free food. >> You're looking at a community day, one of several events across the country put on by East Side Golf, a brand that's looking to help usher new faces onto the putting green.>> My favorite part about golf is that I could like break barriers and I could be one of the best round. If I win and I get second, that's always great. >> There isn't one race and there isn't one person that owns the game of golf.co-founders and former Morehouse ...