TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS [Yahoo! Finance]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Yahoo! Finance
Net Income of $7 million , Non-GAAP Net Income of $16 million and Adjusted EBITDA of $161 million – all ahead of expectations. Company reaffirmed full year Adjusted EBITDA guidance and increased full year earnings per share and cash generation outlook. Ai Smoke clubs achieved #1 U.S. market share in Driver, Fairway Woods and Irons and the new Chrome Tour golf balls drove record 11% market share in the premium ball category. Successfully completed term loan repricing, repurchased an additional one million shares of common stock and announced plans to pay down $50 million of term loan debt. CARLSBAD, Calif. May 8, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands", "we", "our", "us") (NYSE: MODG) announced its financial results for the first quarter ended March 31, 2024 "We are pleased with our overall first quarter results with consolidated revenue and Topgolf same venue sales being in line with our guidance and our achieving bette
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News
- Golf GPS Equipment - A $424.6 Million Global Market Opportunity by 2030, Dominated by Garmin, Bushnell, Golf Buddy, Callaway Golf, and TomTom [Yahoo! Finance]Yahoo! Finance
- Topgolf Selects PepsiCo as Official Beverage Partner [Yahoo! Finance]Yahoo! Finance
- Topgolf Selects PepsiCo as Official Beverage PartnerPR Newswire
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at TD Cowen from $10.00 to $13.00. They now have a "hold" rating on the stock.MarketBeat
- Topgolf Callaway Brands Corp. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year [Yahoo! Finance]Yahoo! Finance
MODG
Earnings
- 5/8/24 - Beat
MODG
Sec Filings
- 5/14/24 - Form 4
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- MODG's page on the SEC website