The venue will be located at 560 Bielenberg Drive in Woodbury, MN DALLAS, Nov. 21, 2024 /PRNewswire/ -- Topgolf announced today it recently broke ground on a three-level venue in Woodbury, Minnesota, set to open in late 2025. This is the second venue in Minnesota in addition to an existing venue in Minneapolis – Brooklyn Center. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxe

HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased

CARLSBAD, Calif., Nov. 5, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay will be available online approximately two hours a

Half-price gameplay offer invites Players to 'come play around' DALLAS, Texas, Oct. 24, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Akron on Nov. 8 in the former BigShots Golf Firestone located at 600 Swartz Road, Akron, Ohio. This is the fourth Topgolf location in the state. Topgolf Basics Never been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressu

The long-awaited venue will be located at 427 Creekside Way DALLAS, Oct. 21, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located in New Braunfels Town Center at Creekside, a 400+ acre master-planned mixed-use development. The new venue is set to open in late 2025. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressure environment.O

The website features golf clubs, balls and accessories for beginner golfers DALLAS, Oct. 3, 2024 /PRNewswire/ -- Topgolf and Topgolf Callaway Brands Corp. (NYSE:MODG) announced today the launch of golf equipment website, Topgolf Shop, geared toward providing beginners and off-course Players with a simple way to purchase entry-level golf equipment. The site marries Topgolf Callaway Brands' expertise in golf equipment with Topgolf's commitment to making the game more accessible and fun for beginner golfers. "Making golf less hard and more fun for Players has always been the goal

Half-price gameplay offer invites Players to discover the newest place to play DALLAS, Oct. 3, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Bryan on Oct. 18 in the former BigShots venue located at 400 W. Villa Maria Road in Travis Bryan Midtown Park. This is the first BigShots transition since Topgolf Callaway Brands Corp. acquired four domestic BigShots venues in November 2023. Topgolf Basics Never been to a Topgolf venue? Think of it as a modern golf experience where anyone – including people who have never picked up a go

CARLSBAD, Calif., Sept. 19, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE:MODG) continues its global expansion by entering into a multiyear agreement with Golf Saudi Entertainment, LLC ("Golf Saudi"), to bring Topgolf Callaway Brands' family of brands, including Topgolf, Callaway, TravisMathew, Odyssey and Ogio, to Saudi Arabia. As part of the agreement, Golf Saudi plans to build three Topgolf venues by 2028, to be owned and operated by Golf Saudi with the option to open another two venues in the future. In addition, Callaway Golf, Odyssey, TravisMathew and Ogio will become the official equipment and apparel brands for the Saudi Men's, Women's and Junior National golf teams as wel

The venue will be located adjacent to Pier Park in Panama City Beach DALLAS, Sept. 10, 2024 /PRNewswire/ -- Topgolf announced today it broke ground on a two-level venue located along Florida's Emerald Coast in Panama City Beach. Set to open in summer 2025, it will be Topgolf's 10th venue in the state. The Basics If you've never been to a Topgolf venue before, think of it as a modern golf experience where anyone – including people who have never picked up a golf club and those who want to perfect their swing – can participate in the sport in a relaxed, no-pressure environment.T

Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business  Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required Scale to be Leaders in Their Respective Markets CARLSBAD, Calif., Sept. 4, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE:MODG) today announced that its Board of Directors intends to pursue the separation of its business into two independent companies: Callaway, a leader in golf equipment with a highly complementary Active Lifestyle busines

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Chamberlin joins Topgolf from PENN Entertainment Inc.DALLAS, July 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Erin Chamberlin has been named its new Chief Operating Officer beginning July 22. Chamberlin joins the company from PENN Entertainment Inc., the largest provider of gaming entertainment in North America, where she served as a Senior Vice President of Regional Operations since 2019.In her new role, Chamberlin will be responsible for Topgolf's globally owned and operated venue experience, including the Player experience, operational excellence, Topgolf technology, food and beverage innovation, supply chain and culinary operations. She will be

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended staying away from Crown Castle Inc. (NYSE:CCI). “It has no growth, and the company has been incredibly poorly-managed,” he added. On May 22, the Houston-based real estate investment trust said its board declared a quarterly cash dividend of $1.565 per share. When asked about The Walt Disney Company (NYSE:DIS), Cramer said, “I don't care that Nelson's out. Because I think that at these prices, Nelson would probably join me in wanting to be in the situation.” Activist investor Nelson Peltz reportedly sold his entire stake in Disney. The “Mad Money” host said AppLovin Corporation (NASDAQ:APP) reported a great quarter.

PepsiCo and Topgolf Launch Eight-Year Partnership Offering the Chance to Win Eight Years of Free Topgolf and PepsiCo BeveragesDALLAS, May 15, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today an eight-year beverage agreement with global food and beverage leader, PepsiCo. Beverages will be supplied to Topgolf's U.S. venues beginning May 15, 2024, with the rollout expected to be completed by June 2024.

TD Cowen analyst John Kernan maintains Topgolf Callaway Brands (NYSE:MODG) with a Hold and raises the price target from $10 to $13.

Topgolf Callaway Brands (NYSE:MODG) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.01 by 800 percent. This is a 47.06 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $1.144 billion which missed the analyst consensus estimate of $1.157 billion by 1.09 percent. This is a 1.97 percent decrease over sales of $1.167 billion the same period last year.

Topgolf Callaway Brands (NYSE:MODG) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 1 0 0 0 Analysts have recently evaluated Topgolf Callaway Brands and provided 12-month price targets. The average target is $24.25, accompanied by a high estimate of $38.00 and a low estimate of $18.00. This

B. Riley Securities analyst Eric Wold maintains Topgolf Callaway Brands (NYSE:MODG) with a Buy and raises the price target from $18 to $21.

Truist Securities analyst Michael Swartz maintains Topgolf Callaway Brands (NYSE:MODG) with a Buy and raises the price target from $18 to $20.

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B. Riley Securities downgraded Topgolf Callaway Brands from Buy to Neutral and set a new price target of $12.00 from $18.00 previously

Jefferies downgraded Topgolf Callaway Brands from Buy to Hold and set a new price target of $12.00 from $40.00 previously

Raymond James downgraded Topgolf Callaway Brands from Outperform to Underperform

BofA Securities downgraded Topgolf Callaway Brands from Buy to Neutral and set a new price target of $13.00 from $18.00 previously

KeyBanc Capital Markets downgraded Topgolf Callaway Brands from Overweight to Sector Weight

JP Morgan downgraded Topgolf Callaway Brands from Overweight to Neutral and set a new price target of $13.00 from $23.00 previously

Stephens downgraded Topgolf Callaway Brands from Overweight to Equal-Weight and set a new price target of $13.00

Morgan Stanley initiated coverage of Topgolf Callaway Brands with a rating of Underweight and set a new price target of $12.00

KeyBanc Capital Markets initiated coverage of Topgolf Callaway Brands with a rating of Overweight and set a new price target of $27.00

Chamberlin joins Topgolf from PENN Entertainment Inc. DALLAS, July 18, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today that Erin Chamberlin has been named its new Chief Operating Officer beginning July 22. Chamberlin joins the company from PENN Entertainment Inc., the largest provider of gaming entertainment in North America, where she served as a Senior Vice President of Regional Operations since 2019. In her new role, Chamberlin will be responsible for Topgolf's globally owned and operated venue experience, including the Player experience, oper

The multiyear agreement brings with it co-promotional opportunities and select benefits for Cash App cardholders CARLSBAD, Calif., June 20, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE:MODG) is excited to announce it has entered into a multiyear strategic agreement with Visa, a world leader in digital payments, that extends across Topgolf Callaway's family of brands, including Topgolf, Callaway and TravisMathew. The partnership brings with it co-promotional opportunities and cardholder benefits that will kick off this summer with select Cash App Card offers at Topgolf. "We're absolutely thrilled to align with Visa, a company renowned for its innovation and commitment to excellenc

NEW YORK, Dec. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, December 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from t

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HIGHLIGHTS Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased

CARLSBAD, Calif., Nov. 5, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay will be available online approximately two hours a

Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business  Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required Scale to be Leaders in Their Respective Markets CARLSBAD, Calif., Sept. 4, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE:MODG) today announced that its Board of Directors intends to pursue the separation of its business into two independent companies: Callaway, a leader in golf equipment with a highly complementary Active Lifestyle busines

Announces Formal Strategic Review of Topgolf Including Organic and Inorganic Alternatives  HIGHLIGHTS Q2 Net Income of $62 million, Non-GAAP Net Income of $83 million, and Adjusted EBITDA of $206 million were all ahead of expectations.Q2 Consolidated Revenues were down 1.9% year-over-year and full year Revenue and Adjusted EBITDA outlook lowered to a range of $4,200 - $4,260 million and $570 - $590 million, respectively.Maintained #1 U.S. model market share in Driver, Fairway Woods and Irons with Ai Smoke clubs and continued to drive market share gains in golf ball driven by the new Chrome Tour family of golf balls.Successfully completed discretionary $50 million pay down of term loan debt.F

CARLSBAD, Calif., July 31, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay will be available online approximately two hours

HIGHLIGHTS Q1 Revenue of $1.144 billion and Topgolf same venue sales of -7% – both in line with expectations.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 1, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay will be available online approximately two hours after

HIGHLIGHTS  Consolidated full year revenue growth of 7%.Consolidated Cash from Operations of $365 million and $221 million of Embedded Cash Flow.1Topgolf business delivers full year 1% Same Venue Sales growth and positive Free Cash Flow.Golf Equipment maintained strong U.S. market share in 2023 including #1 in Total Clubs, Woods, Drivers, Fairway Woods, Hybrids, and Irons. Paradym was the #1 model in Drivers and Fairway Woods in 2023.Active Lifestyle segment revenue grew over 9%.CARLSBAD, Calif., Feb. 13, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced its financial results for the fourth quarter ended December 31, 2023. "

CARLSBAD, Calif., Feb. 6, 2024 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its fourth quarter and full-year 2023 financial results on Tuesday, February 13, 2024, after the market closes. Following the release, the Company's management team will hold a conference call to review the results and discuss the Company's business and outlook beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). A live webcast and presentation may be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay will be available online approximat

HIGHLIGHTS  Company delivered strong Q2 results consistent with expectations and reaffirms full year 2023 revenue and Adjusted EBITDA guidanceTopgolf delivered same venue sales growth within the guidance range, marking the seventh consecutive quarter of growthTopgolf opened 2 new venues in the U.S. and remains on plan to open 11 venues in 2023Golf Equipment performed well in the quarter with strong market share gainsBoth total Company and Topgolf remain on track to be free cash flow positive in 2023CARLSBAD, Calif., Aug. 8, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced its financial results for the second quarter ended J