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3 Stocks to Buy From the Prospering Leisure & Recreation Industry
ZACKS· 2025-10-07 17:06
The Zacks Leisure and Recreation Products industry is benefiting from a positive fitness product sales trend, driven by growing health and fitness awareness. Industry participants who design, market, retail and distribute products for the outdoor and recreation market are witnessing solid demand. Stocks like Acushnet Holdings Corp. (GOLF) , Peloton Interactive, Inc. (PTON) and Topgolf Callaway Brands Corp. (MODG) are likely to benefit from the trends mentioned above.Industry Description The Zacks Leisure an ...
Big 5 Is Getting its Wish to Go Private
Yahoo Finance· 2025-09-29 14:51
Big 5 Sporting Goods Corp. will become a private company any day now. The company held a special meeting of stockholders last Friday for a vote on the planned acquisition of the firm by WSG Merger LLC, the wholly-owned subsidiary of Worldwide Golf Group. Shareholders approved of the transaction, and now the deal is expected to be completed as soon as Tuesday. Once the deal closes, shares of Big 5 will no longer be listed on the Nasdaq Stock Exchange. More from WWD The sporting goods retailer said on June ...
TOPGOLF CALLAWAY BRANDS ANNOUNCES RESIGNATION OF ARTIE STARRS, CEO OF TOPGOLF
Prnewswire· 2025-07-31 20:30
Group 1 - Topgolf Callaway Brands Corp. announced the resignation of CEO Artie Starrs, who will assist with the transition until September 2025 [1] - The company is conducting an executive search for a replacement and confirmed that Starrs has accepted another CEO position with an undisclosed business [1][2] - The company expressed satisfaction with Topgolf's second quarter financial results and improving same venue sales trends, attributing this to significant actions taken earlier in the year [2] Group 2 - The departure of Artie Starrs is not expected to affect the company's strategic direction or commitment to separating Topgolf, with plans for a spin-off or sale still in pursuit [2] - It is likely that a spin-off transaction will not occur until 2026, after a new CEO is appointed [2]
Topgolf Callaway Brands to Release Second Quarter 2025 Financial Results
Prnewswire· 2025-07-30 20:15
Group 1 - Topgolf Callaway Brands Corp. plans to release its second quarter 2025 financial results on August 6, 2025, after market close [1] - A conference call will be held by the management team to review the results and discuss the company's business outlook at 2:00 p.m. Pacific Time [1] - A live webcast and presentation will be accessible through the Investor Relations section of the company's website [1] Group 2 - The company will participate in the Goldman Sachs 32nd Annual Global Retailing Conference on September 4, 2025, in New York City [2] - A live webcast and replay of the conference will also be available through the company's Investor Relations website [2] Group 3 - Topgolf Callaway Brands Corp. is a tech-enabled Modern Golf and active lifestyle company with a portfolio of global brands including Topgolf, Callaway Golf, and TravisMathew [3] - The company focuses on delivering leading golf equipment, apparel, and entertainment within a dynamic and inclusive ecosystem [3]
3 Leisure & Recreation Stocks to Watch Despite Industry Woes
ZACKS· 2025-07-11 14:31
Industry Overview - The Zacks Leisure and Recreation Products industry is experiencing challenges due to the ongoing tariff war and soft macroeconomic data, but there is a positive trend in fitness product sales driven by growing health and fitness awareness [1][3] - The industry includes companies that provide a range of recreational products and services, thriving on economic growth that fuels consumer demand [2] Trends Impacting the Industry - The tariff war initiated by U.S. President Donald Trump is affecting the industry, with concerns about its impact on the U.S. economy amid inflation and global geopolitical tensions [3] - The golf industry is booming, with rising demand for golf equipment due to technological advancements and increased participation among young people, particularly in emerging markets like India and China [4] - There is robust demand for fitness-related products in the U.S., driven by health awareness and lifestyle changes, leading to increased investment in home workout equipment and digital fitness platforms [5] Industry Performance - The Zacks Leisure and Recreation Products industry currently holds a Zacks Industry Rank of 204, placing it in the bottom 17% of over 246 Zacks industries, indicating dismal near-term prospects [6][7] - The industry's earnings outlook is negative, with a 13.6% decrease in northbound earnings estimates since January 31, 2025 [8] Stock Market Performance - The industry has outperformed the S&P 500, with a collective growth of 49.8% over the past year compared to the S&P 500's 11.8% increase [10] Valuation Metrics - The industry trades at a forward price-to-earnings ratio of 35.08X, significantly higher than the S&P 500's 22.64X and the sector's 18.45X [13] Notable Companies - **Peloton**: Transitioning to a profitability-driven recovery, with high-margin subscription revenues contributing nearly 70% of total sales. Expected fiscal 2025 earnings growth of 72.9% and a stock increase of 84.8% in the past year [16][17] - **Playboy**: Benefiting from an asset-light licensing model and a rebound in its China licensing business, with a stock increase of 137.5% in the past year [20][21] - **Academy Sports and Outdoors**: Gaining from a growth strategy focused on brand partnerships and digital upgrades, but shares have declined by 2.3% in the past year with expected earnings decline of 1.7% for fiscal 2025 [24]
Topgolf Callaway Brands to Release First Quarter 2025 Financial Results
Prnewswire· 2025-05-05 20:17
Core Viewpoint - Topgolf Callaway Brands Corp. plans to release its first quarter 2025 financial results on May 12, 2025, after market close, followed by a conference call to discuss the results and business outlook [1]. Company Overview - Topgolf Callaway Brands Corp. (NYSE: MODG) is a tech-enabled Modern Golf and active lifestyle company, offering golf equipment, apparel, and entertainment through a portfolio of global brands including Topgolf, Callaway Golf, and others [3]. - The concept of "Modern Golf" encompasses both on-course and off-course golf experiences, creating a dynamic and inclusive ecosystem [3]. Investor Relations - A live webcast and presentation of the financial results will be available on the Company's Investor Relations website [1]. - A replay of the conference call will be accessible online approximately two hours after the event concludes [2]. Contact Information - Investor contact for Topgolf Callaway Brands is Katina Metzidakis, available via email [4].