Callaway Golf Company, together with its subsidiaries, designs, manufactures, and sells golf clubs and golf balls, apparel, gear, and other products. It operates through two segments, Golf Equipment; and Apparel, Gear and Other. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brand names. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, hats, socks, and underwear under the TravisMathew brand name. This segment also provides storage gear for sport and personal use, including backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel, such as jackets, and trousers and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories. The company sells its products through golf retailers, sporting goods retailers, mass merchants, Internet retailers, department stores, field representatives, on-line retailers, mail order stores, and in-house sales representatives, as well as to third-party distributors in the United States and approximately 100 countries. It also offers pre-owned golf products through its Website callawaygolfpreowned.com; and OGIO and TravisMathew products through its Websites callawaygolf.com, odysseygolf.com, ogio.com, and travismathew.com. The company was incorporated in 1982 and is headquartered in Carlsbad, California.
IPO Year: 1992
Exchange: NYSE
Website: callawaygolf.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/22/2022 | $30.00 | Overweight | JP Morgan |
| 3/7/2022 | $27.00 → $31.00 | Neutral | Goldman Sachs |
| 2/11/2022 | $40.00 → $35.00 | Outperform | Raymond James |
| 12/14/2021 | $29.00 | Neutral | Goldman Sachs |
| 11/16/2021 | $45.00 | Buy | B of A Securities |
| 11/11/2021 | $38.00 → $40.00 | Overweight | Keybanc |
| 11/10/2021 | $49.00 → $60.00 | Buy | Jefferies |
| 11/10/2021 | $38.00 → $40.00 | Outperform | Raymond James |
| 10/12/2021 | Neutral → Buy | Compass Point | |
| 10/12/2021 | $33.00 | Neutral → Buy | Compass Point |
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
4 - Topgolf Callaway Brands Corp. (0000837465) (Issuer)
JP Morgan resumed coverage of Callaway Golf with a rating of Overweight and set a new price target of $30.00
Goldman Sachs reiterated coverage of Callaway Golf with a rating of Neutral and set a new price target of $31.00 from $27.00 previously
Raymond James reiterated coverage of Callaway Golf with a rating of Outperform and set a new price target of $35.00 from $40.00 previously
Goldman Sachs initiated coverage of Callaway Golf with a rating of Neutral and set a new price target of $29.00
B of A Securities initiated coverage of Callaway Golf with a rating of Buy and set a new price target of $45.00
Keybanc reiterated coverage of Callaway Golf with a rating of Overweight and set a new price target of $40.00 from $38.00 previously
Jefferies reiterated coverage of Callaway Golf with a rating of Buy and set a new price target of $60.00 from $49.00 previously
Raymond James reiterated coverage of Callaway Golf with a rating of Outperform and set a new price target of $40.00 from $38.00 previously
Compass Point upgraded Callaway Golf from Neutral to Buy
Compass Point upgraded Callaway Golf from Neutral to Buy and set a new price target of $33.00
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
10-Q - Topgolf Callaway Brands Corp. (0000837465) (Filer)
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
8-K - Topgolf Callaway Brands Corp. (0000837465) (Filer)
10-Q - CALLAWAY GOLF CO (0000837465) (Filer)
8-K - CALLAWAY GOLF CO (0000837465) (Filer)
8-K - CALLAWAY GOLF CO (0000837465) (Filer)
SD - CALLAWAY GOLF CO (0000837465) (Filer)
CARLSBAD, Calif., Sept. 7, 2022 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE:MODG) ("Topgolf Callaway Brands" or the "Company") announced today that it will be attending the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022 in New York, NY. The Company's presentation materials can be accessed through the Investor Relations section of the Company's website at https://www.topgolfcallawaybrands.com. About Topgolf Callaway Brands Corp. Topgolf Callaway Brands Corp. (NYSE:MODG) is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Ca
Company to change ticker to MODG, reflecting its leadership in the much larger, more dynamic and inclusive Modern Golf ecosystem CARLSBAD, Calif. , Aug. 24, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) (the "Company") announced today plans to change its corporate name to Topgolf Callaway Brands Corp. ("Topgolf Callaway Brands"). Following the Company's merger with Topgolf in 2021, the name change reflects the Company's dynamic brand portfolio that has unmatched scale and reach across the full Modern Golf and active lifestyle ecosystem, including on- and off-course golf. "We are excited to introduce Topgolf Callaway Brands, which better acknowledges our long-term strategic path forwa
Second Quarter Revenue Increase Driven by Strong Demand and Strength Across All Segments Topgolf Delivers 8% Growth in Same Venue Sales Compared to 2019 Q2 2022 consolidated net revenues increased $202.1 million to $1,115.7 million, an increase of 22.1% compared to Q2 2021Q2 2022 GAAP net income of $105.4 million and non-GAAP net income of $93.5 millionQ2 2022 Adjusted EBITDA increased $42.8 million to $207.3 million, an increase of 26.0% compared to Q2 2021Increased full year 2022 revenue outlook to $3,945 million - $3,970 million and Adjusted EBITDA outlook to $555 million - $565 millionCARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE
CARLSBAD, Calif., July 28, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) (the "Company" or "Callaway") announced today that it will release its second quarter 2022 financial results on Thursday afternoon, August 4, 2022. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PDT that 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 via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be access
CARLSBAD, Calif., June 8, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) announced today that it will be meeting with investors on June 8th and 9th, 2022, in a non-deal roadshow with meetings hosted by JP Morgan and Bank of America. The Company's presentation materials can be accessed through the Investor Relations section of the Company's website at http://ir.callawaygolf.com. About Callaway Golf CompanyCallaway Golf Company (NYSE: ELY) is an unrivaled tech-enabled modern golf and active lifestyle company delivering leading golf equipment, apparel and entertainment, with a portfolio of global brands including Callaway Golf, Topgolf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Thr
CARLSBAD, Calif., May 26, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) (the "Company") announced today that the Board of Directors has authorized the Company to repurchase up to $100 million of the Company's common stock in open market or in private transactions. The Company will assess market conditions, buying opportunities and other factors from time to time and will make strategic repurchases as appropriate. The repurchases will be made in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, subject to market conditions, applicable legal requirements and other factors, and the repurchases will be made consistent with the terms of the Company's credit facilitie
First Quarter Revenue Increase Driven by Strong Demand, Improved Supply and Strength Across All Segments Topgolf Delivers Positive 2.3% Same Venue Sales Growth Compared to 2019 Q1 2022 consolidated net revenues increased $388.6 million (+59.6% compared to Q1 2021) to $1,040.2 millionQ1 2022 GAAP net income of $86.7 million and non-GAAP net income of $70.9 millionQ1 2022 total segment operating income margin improved 140 basis points on a pro forma basis, which includes Topgolf results for the full three-month period (see "Segment Results" below for pro forma results)Q1 2022 Adjusted EBITDA increased $42.0 million (+32.9% compared to Q1 2021) to $169.8 millionIncreased full year 2022 revenue
Strategic Mix Shift to Higher Growth-Oriented Segments Expected to Drive Sustainable Growth Through 2025 and Beyond Topgolf Segment Showcases Significant Runway for Growth, Underpinned by Expectations to Open 11 Company-Owned Venues Annually Through 2025 Provides Fiscal First Quarter 2022 Financial Update CARLSBAD, Calif., April 26, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE:ELY), today will host its Investor Day beginning at 8:00 a.m. PDT in Los Angeles, CA. During the event, members of the Callaway executive leadership team will provide an update on business performance and growth strategy, including the Company's industry-leading golf equipment technol
CARLSBAD, Calif., April 26, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) announced today that it will release its first quarter 2022 financial results on Tuesday afternoon, May 10, 2022. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PDT that 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 via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be accessed through the internet at http:/
CARLSBAD, Calif., April 19, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE:ELY) today announced that it will hold an Investor Day on April 26, 2022 in Los Angeles, CA from approximately 8:00 a.m. PDT to 12:00 p.m. PDT. The event will feature presentations and Q&A sessions led by members of the Callaway and Topgolf executive leadership teams. The event will be broadcast live from the Callaway Golf Company investor relations website, and a replay of the event will be available online following the conclusion of the broadcast. For more details and
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Second Quarter Revenue Increase Driven by Strong Demand and Strength Across All Segments Topgolf Delivers 8% Growth in Same Venue Sales Compared to 2019 Q2 2022 consolidated net revenues increased $202.1 million to $1,115.7 million, an increase of 22.1% compared to Q2 2021Q2 2022 GAAP net income of $105.4 million and non-GAAP net income of $93.5 millionQ2 2022 Adjusted EBITDA increased $42.8 million to $207.3 million, an increase of 26.0% compared to Q2 2021Increased full year 2022 revenue outlook to $3,945 million - $3,970 million and Adjusted EBITDA outlook to $555 million - $565 millionCARLSBAD, Calif., Aug. 4, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE
CARLSBAD, Calif., July 28, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) (the "Company" or "Callaway") announced today that it will release its second quarter 2022 financial results on Thursday afternoon, August 4, 2022. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PDT that 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 via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be access
First Quarter Revenue Increase Driven by Strong Demand, Improved Supply and Strength Across All Segments Topgolf Delivers Positive 2.3% Same Venue Sales Growth Compared to 2019 Q1 2022 consolidated net revenues increased $388.6 million (+59.6% compared to Q1 2021) to $1,040.2 millionQ1 2022 GAAP net income of $86.7 million and non-GAAP net income of $70.9 millionQ1 2022 total segment operating income margin improved 140 basis points on a pro forma basis, which includes Topgolf results for the full three-month period (see "Segment Results" below for pro forma results)Q1 2022 Adjusted EBITDA increased $42.0 million (+32.9% compared to Q1 2021) to $169.8 millionIncreased full year 2022 revenue
CARLSBAD, Calif., April 26, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) announced today that it will release its first quarter 2022 financial results on Tuesday afternoon, May 10, 2022. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PDT that 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 via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be accessed through the internet at http:/
CARLSBAD, Calif., Feb. 10, 2022 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE:ELY) announced today its financial results for the fourth quarter and full year ended December 31, 2021. "I am pleased to announce another quarter of strong results, driven primarily by Topgolf domestic venues, which benefited from increased social and corporate events bookings and high walk-in guest turnout, along with continued momentum in our apparel and golf equipment businesses," commented Chip Brewer, President and Chief Executive Officer of Callaway. "The quarter topped off a truly outstanding year for Callaway and I am extremely proud of the global team for their efforts. This w
CARLSBAD, Calif., Feb. 3, 2022 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) announced today that it will release its fourth quarter and full year 2021 financial results on Thursday afternoon, February 10, 2022. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PST that 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 via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be accessed t
CARLSBAD, Calif., Nov. 9, 2021 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE:ELY) announced today its financial results for the third quarter and nine months ended September 30, 2021. "Callaway's third quarter performance highlights the significant growth and profitability embedded in our business, as all segments have recovered more quickly than we anticipated and are delivering results ahead of plan," commented Chip Brewer, President and Chief Executive Officer of Callaway. "Our golf equipment and apparel businesses are benefiting from sustained enthusiasm for the sport of golf and outdoor exploration, while Topgolf's fun, inclusive, social environment is in hi
CARLSBAD, Calif., Nov. 2, 2021 /PRNewswire/ -- Callaway Golf Company (NYSE:ELY) announced today that it will release its third quarter 2021 financial results on Tuesday afternoon, November 9, 2021. The Company will subsequently hold a conference call with financial analysts and investors at 2:00 p.m. PST that 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 via the Callaway Investor Relations website at http://ir.callawaygolf.com/. A replay of the conference call will be available approximately two hours after the conclusion of the event. The replay may be accessed through the internet at htt
CARLSBAD, Calif., Aug. 9, 2021 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE:ELY) announced today its financial results for the second quarter ended June 30, 2021. "I am very pleased with our performance in the second quarter of 2021 with record revenue and Adjusted EBITDA in our golf equipment and apparel businesses, as well as Topgolf results that continue to exceed our expectations," commented Chip Brewer, President and Chief Executive Officer of Callaway. "These results reflect the strong momentum and exceptional operating performance across all of our business segments and underscore the strong consumer demand for our products and services. We are encouraged
CARLSBAD, Calif., Aug. 9, 2021 /PRNewswire/ -- Callaway Golf Company (the "Company" or "Callaway") (NYSE:ELY) announced today its financial results for the second quarter ended June 30, 2021. "I am very pleased with our performance in the second quarter of 2021 with record revenue and Adjusted EBITDA in our golf equipment and apparel businesses, as well as Topgolf results that continue to exceed our expectations," commented Chip Brewer, President and Chief Executive Officer of Callaway. "These results reflect the strong momentum and exceptional operating performance across all of our business segments and underscore the strong consumer demand for our products and services. We are encouraged