MODG - Earnings announcements

Leonard Green to acquire a 60% interest in Topgolf with Topgolf Callaway Brands retaining a 40% stake Topgolf Callaway Brands to receive ~$770 million in net proceeds CARLSBAD, Calif., Nov. 18, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE:MODG) today announced that it has signed a definitive agreement to sell a 60% stake in its Topgolf and Toptracer business ("Topgolf") to private equity funds managed by Leonard Green & Partners, L.P. ("LGP"). The transaction values Topgolf at approximately $1.1 billion. In connection with this sale and its related financing transactions, Topgolf Callaway Brands expects to receive a

RAISES FULL YEAR 2025 GUIDANCE HIGHLIGHTS Q3 Revenue from the ongoing business (excluding Jack Wolfskin) grew 3% year-over-year.Q3 Net Revenue and Adjusted EBITDA both exceeded guidance.Q3 Topgolf same venue sales inflected to positive growth.Company liquidity remains strong, increasing $391 million year-over-year to $1,254 million.Raising Total Company and Topgolf full year 2025 revenue and Adjusted EBITDA guidance.CARLSBAD, Calif., Nov. 6, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands," "we," "our," "us") (NYSE:MODG) announced its financial results for the third quarter ended September 30, 2025. "We are pleased with our third quarter results,

CARLSBAD, Calif., Oct. 30, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its third quarter 2025 financial results on Thursday, November 6, 2025, 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/investor-overview.  A replay will be available online approx

RAISES FULL YEAR 2025 GUIDANCE HIGHLIGHTS Q2 consolidated Net Revenue of $1,111 million and Adjusted EBITDA both exceeded expectations.Announced completion of sale of Jack Wolfskin, further strengthening the Company's available liquidity position by 48% year-over-year to over $1.1 billion.Updates total Company guidance to exclude Jack Wolfskin and raises full year 2025 financial outlook for its continuing businesses.CARLSBAD, Calif., Aug. 6, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands", "we", "our", "us") (NYSE:MODG) announced its financial results for the second quarter ended June 30, 2025. "We are pleased with our second quarter financial r

CARLSBAD, Calif., July 30, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its second quarter 2025 financial results on Wednesday, August 6, 2025, 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/investor-overview.  A replay will be available online approx

HIGHLIGHTS Q1 consolidated Net Revenue of $1,092 million and strong Adjusted EBITDA both outperformed expectations.Q1 Total Segment Operating Income increased 9.7%.The Company further strengthened its available liquidity position to $805 million, increasing by 12% year-over-year.The Company reaffirmed its consolidated full year Revenue and Adjusted EBITDA guidance (subject to adjustment pending the sale of its Jack Wolfskin business).CARLSBAD, Calif., May 12, 2025 /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, 2025. "We are pleased with our first qu

CARLSBAD, Calif., May 5, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its first quarter 2025 financial results on Monday, May 12, 2025, 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 th

HIGHLIGHTS Q4 consolidated Net Revenue growth of 3% and strong Adjusted EBITDA growth both outperformed guidance.Total Company operating cash flow increased 5% to $382 million and Adjusted Free Cash Flow increased 27% to $203 million.Topgolf's same venue sales, Adjusted EBITDA, Adjusted Free Cash Flow and venue margins all exceeded expectations in Q4.In 2024 the Callaway brand maintained its #1 position in U.S. market share in total golf clubs for the third consecutive year - and 9th time in the last 10 years - and achieved record U.S. market share in golf ball.CARLSBAD, Calif., Feb. 24, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands", "we", "ou

CARLSBAD, Calif., Feb. 17, 2025 /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 2024 financial results on Monday, February 24, 2025, 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 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

CARLSBAD, Calif., July 31, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its second quarter 2023 financial results on Tuesday, August 8, 2023, after the market closes. Following the release, the Company's management team will hold a conference call beginning at 2:00 p.m. PT the same day to review the results and discuss the Company's business and outlook. The call will be broadcast live over the internet and can be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay of the conference call will be available approximat

HIGHLIGHTS Q1 2023 revenue and Adjusted EBITDA exceeded expectationsTopgolf delivered same venue sales growth of 11% compared to Q1 2022, marking six consecutive quarters of reported same venue sales growthTopgolf venue profitability and return metrics are improving versus the Company's previously disclosed long-term targetsCompleted debt refinancing, resulting in lower cost of debt, extended debt maturities, improved liquidity and a more unified and simplified financial structureCompany remains on track to be free cash flow positive by end of year and increases midpoint of full year 2023 revenue and Adjusted EBITDA guidanceCARLSBAD, Calif., May 9, 2023 /PRNewswire/ -- Topgolf Callaway Brand

CARLSBAD, Calif., May 1, 2023 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE:MODG) announced today that it intends to release its first quarter 2023 financial results on Tuesday, May 9, 2023, after the market closes. Following the release, the Company's management team will hold a conference call beginning at 2:00 p.m. PT the same day to review the results and discuss the Company's business and outlook. The call will be broadcast live over the internet and can be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay of the conference call will be available approximately tw

Record Revenue Reflects Continued Strength Across All Operating Segments Raises Full Year 2023 Revenue and Adjusted EBITDA Outlook Fourth Quarter and Full Year 2022 Highlights Q4 net revenue increased 19.6% compared to 2021Q4 seasonal operating loss improved 36.6% compared to 2021, or 42.4% on a non-GAAP basisTopgolf opened 11 new owned and operated venues in 2022, including 6 in Q4, and delivered same venue sales growth of 7% and 11% for the full year and Q4, respectively, compared to 2019Full year net revenue increased 27.5% compared to 2021Full year 2022 net income of approximately $158 million on both a GAAP and non-GAAP basis. In 2021, due to a $252.5 million non-cash gain related to th

CARLSBAD, Calif., Feb. 1, 2023 /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 2022 financial results on Thursday, February 9, 2023, after the market closes. Following the release, the Company's management team will hold a conference call beginning at 2:00 p.m. PT the same day to review the results and discuss the Company's business and outlook. The call will be broadcast live over the internet and can be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com.  A replay of the conference call will be avai