STOCK TITAN
  1. Home
  2. News
  3. MODG

Topgolf Callaway Brands Corp. - MODG STOCK NEWS

Welcome to our dedicated page for Topgolf Callaway Brands news (Ticker: MODG), a resource for investors and traders seeking the latest updates and insights on Topgolf Callaway Brands stock.

Topgolf Callaway Brands Corp. (NYSE: MODG) is a leader in the modern golf and active lifestyle sector. The company creates premium golf equipment, provides world-class golf entertainment, and sells golf and active lifestyle apparel through its renowned brands, including Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO, and Toptracer. The company's core segments include Topgolf, which generates the majority of its revenue through service revenues from Topgolf venues and Toptracer technology, and Golf Equipment and Active Lifestyle.

Topgolf Callaway Brands is renowned for pushing the limits of performance and innovation, offering products designed to improve the game for golfers of all skill levels. Notably, the company recently announced stellar financial results for the fourth quarter of 2023, with a significant increase in consolidated revenue and Adjusted EBITDA. Their latest golf equipment line has received accolades from consumers and trade alike, further establishing their dominance in the market.

The company also made headlines with its digital transformation initiatives, including the launch of a new cross-brand consumer data platform. In addition, Topgolf has expanded its reach by opening new venues and acquiring the BigShots franchise, enhancing venue-level margins.

Despite potential economic challenges, Topgolf Callaway Brands remains optimistic about 2024, expecting further revenue growth and solid cash flow generation. Their strategic partnerships and focus on operational efficiencies are pivotal to their sustained success in the rapidly evolving golf and active lifestyle market.

News

Topgolf Callaway Brands to Release First Quarter 2024 Financial Results

Rhea-AI Summary

Topgolf Callaway Brands Corp. (NYSE: MODG) will release its first quarter 2024 financial results on May 8, 2024. Management will discuss the results and business outlook in a conference call. The Company's management team will also participate in upcoming conferences, including the KeyBanc Capital Markets Virtual Consumer Leisure Spotlight on May 20 and the B. Riley Annual Institutional Investor Conference on May 22.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
earnings
-
News

Topgolf Opens Its Doors in Montebello, California, on May 3

Rhea-AI Summary
Topgolf, a modern golf entertainment leader, is set to open its 100th global outdoor venue in Montebello, California, on May 3. The three-level venue will be adjacent to the fully redesigned Montebello Golf Course, offering a unique entertainment experience for golf enthusiasts and visitors alike.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.66%
Tags
none
-
News

Long-Awaited Topgolf Durham Opens Friday, April 12

Rhea-AI Summary
Topgolf announces the opening of its third North Carolina venue in Durham, offering a modern golf entertainment experience with various amenities for players. The venue will feature 102 hitting bays, Toptracer technology, a full-service restaurant, and entertainment options, creating a unique environment for golf enthusiasts and beginners alike.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
none
News

TOPGOLF CALLAWAY BRANDS SUCCESSFULLY COMPLETES DEBT REPRICING

Rhea-AI Summary
Topgolf Callaway Brands Corp. (MODG) successfully repriced its $1.24 billion first-lien term loan, reducing interest rates by 60 basis points, resulting in over $7 million in annual interest savings. The company aims to manage leverage, maintain financial flexibility, and fund growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
-
News

TOPGOLF CALLAWAY ISSUES STATEMENT ON RECENT MEDIA REPORTS

Rhea-AI Summary
Topgolf Callaway Brands Corp. (NYSE: MODG) addresses market rumors and speculation about a potential sale of the company or its golf equipment business originating from Korea. The company confirms no knowledge of any such discussions and does not plan to comment further on the matter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.83%
Tags
none
-
News

TOPGOLF CALLAWAY BRANDS ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 RESULTS

Rhea-AI Summary
Topgolf Callaway Brands Corp. (NYSE: MODG) reports a 7% revenue growth for the full year 2023, with positive cash flow. The Topgolf business saw a 1% Same Venue Sales growth and strong U.S. market share in golf equipment. The company's active lifestyle segment revenue also grew over 9%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.6%
Tags
earnings
News

Topgolf Callaway Brands to Release Fourth Quarter and Full-Year 2023 Financial Results

Rhea-AI Summary
Topgolf Callaway Brands Corp. (NYSE: MODG) will release its Q4 and full-year 2023 financial results on February 13, 2024. The management team will hold a conference call to discuss the results and business outlook. Additionally, the company's participation in upcoming conferences was announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
earnings
-
News

Callaway Golf Announces New Paradym Ai Smoke Woods and Irons

Rhea-AI Summary
Callaway Golf (ELY) announces the launch of their Paradym Ai Smoke Drivers, Fairway Woods, Irons, and Hybrids, featuring Ai Smart Face technology designed to create sweet spots across the entire face. The clubs are available for pre-sale on January 12 and at retail starting on January 26. The Paradym Ai Smoke Drivers represent a significant advancement in Callaway's Ai journey, leveraging player data and machine learning to optimize driver performance. The 360° Carbon Chassis and internal titanium support structure result in improved launch conditions and forgiveness. The Paradym Ai Smoke Fairway Woods and Hybrids also feature Ai Smart Face technology and Tungsten Speed Cartridges for enhanced launch, spin, and distance. The Paradym Ai Smoke Irons offer exceptional distance and tight dispersion into the green with an all-new Dynamic Sole Design. Pricing starts at $599.99 for Drivers, $349.99 for Fairway Woods, $279.99 for Hybrids, and $999.99 for a standard 7-piece set of Irons.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
AI
-
News

Callaway Golf Announces New Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls

Rhea-AI Summary
Callaway Golf (ELY) announces the launch of their new line of Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls, setting a new standard in performance. The golf balls are meticulously engineered for exceptional speed, consistent flight, incredible spin, and greenside control. They will be available at retail on February 2nd at a price of $54.99 per dozen.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.07%
Tags
none
News

Topgolf Breaks Ground in Greensboro, North Carolina

Rhea-AI Summary
Topgolf (TGTG) Breaks Ground on Two-Level Venue in Greensboro, North Carolina
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.13%
Tags
none

FAQ

What is the current stock price of Topgolf Callaway Brands (MODG)?

The current stock price of Topgolf Callaway Brands (MODG) is $8.5 as of November 19, 2024.

What is the market cap of Topgolf Callaway Brands (MODG)?

The market cap of Topgolf Callaway Brands (MODG) is approximately 1.6B.

What is Topgolf Callaway Brands Corp.?

Topgolf Callaway Brands Corp. (NYSE: MODG) is a leading company in the modern golf and active lifestyle market, known for premium golf equipment, world-class golf entertainment, and lifestyle apparel.

What are the core segments of Topgolf Callaway Brands?

The core segments are Topgolf, Golf Equipment, and Active Lifestyle. The Topgolf segment contributes the majority of the revenue through service revenues from Topgolf venues and Toptracer technology.

Which brands are part of Topgolf Callaway Brands?

Topgolf Callaway Brands includes renowned brands such as Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO, and Toptracer.

What recent achievements has Topgolf Callaway Brands announced?

The company announced a significant increase in consolidated revenue and almost doubled Adjusted EBITDA for the fourth quarter of 2023. They also launched a new cross-brand consumer data platform and expanded their venue reach by acquiring BigShots.

What are the expectations for Topgolf Callaway Brands in 2024?

Despite potential economic challenges, the company expects further revenue growth, solid cash flow generation, and continued success with new golf equipment lines and expansion of Topgolf venues.

How has Topgolf Callaway Brands performed financially recently?

Topgolf Callaway Brands reported a 5.4% increase in net revenue for the fourth quarter of 2023, with growth across all operating segments and a significant improvement in operational efficiencies.

What strategic initiatives is Topgolf Callaway Brands focusing on?

The company is focusing on digital transformation, operational efficiencies, and expanding its market presence with new Topgolf venues and innovative product lines.

Where is the majority of Topgolf Callaway Brands' revenue derived from?

The majority of the company's revenue is derived from the United States, particularly from the Topgolf segment, which includes service revenues from Topgolf venues.

What is 'Modern Golf' according to Topgolf Callaway Brands?

'Modern Golf' refers to a dynamic and inclusive ecosystem that encompasses both on-course and off-course golf activities, driven by tech-enabled solutions and entertainment.

How can investors get in touch with Topgolf Callaway Brands?

Investors can contact Topgolf Callaway Brands through Katina Metzidakis at (760) 931-1771 or via email at invrelations@tcbrands.com.

Stock MODG logo
Topgolf Callaway Brands Corp.

NYSE:MODG

MODG Rankings

#2174 Ranked by Market Cap
N/A Ranked by Dividends

MODG Stock Data

1.56B
131.77M
11.84%
89.57%
8.88%
Leisure
Sporting & Athletic Goods, Nec
Link
United States of America
CARLSBAD