Topgolf Callaway Brands Ord Shs Stock Price, News & Analysis

Topgolf Callaway Brands (NYSE: MODG) signed a definitive agreement to sell a 60% stake in its Topgolf and Toptracer business to funds managed by Leonard Green & Partners, valuing Topgolf at approximately $1.1 billion. The Company expects to receive approx. $770 million in net proceeds, subject to purchase price adjustments. Post-transaction the Company will retain a 40% stake, plans to focus on its Golf Equipment & Active Lifestyle brands (Callaway, Odyssey, TravisMathew, Ogio) which generated ~$2 billion in trailing twelve-month revenue through Q3 2025, and intends to change its name and ticker to Callaway Golf Company (CALY). The deal is expected to close in Q1 2026 and is subject to regulatory approvals and customary closing conditions.

Topgolf Callaway Brands (NYSE: MODG) announced an extension of its multi-year apparel licensing agreement with Perry Ellis International through December 31, 2032. The amended agreement continues a partnership that began in 2009 and preserves global distribution across North America, Latin America, Europe, the Middle East and Africa via retail, specialty and e-commerce partners. The amendment also commits to a jointly developed premium Callaway Apparel line to be launched no later than 2028. Topgolf Callaway Brands retains ownership and operation of Callaway Apparel in Korea and Japan.

Topgolf (MODG) launched a nationwide "Holiday Help" hotline and sweepstakes running through Dec. 15, 2025 that offers 25 winners a $2,500 Topgolf event credit each to redo a failed office holiday party. Participants can text "HOLIDAYHELP" to 68633 to receive a link to Topgolf.com/HolidayHelp and submit anonymous entries. Winners may book events through Dec. 31, 2026 covering food, drinks and two hours of play. Topgolf will share selected anonymous entries on social media and the campaign site. Entry terms, automated texting consent, and links to terms and privacy are provided.

Topgolf (NYSE:MODG) launched a nationwide Holiday Help hotline on Nov 10, 2025 to collect stories of failed office holiday parties and offer a chance to win a $2,500 Topgolf event credit. Participants can text "HOLIDAYHELP" to 68633 through Dec 15, 2025 to submit anonymous entries via Topgolf.com/HolidayHelp.

Topgolf will award 25 winners a $2,500 event credit covering food, drinks and two hours of play; events can be booked through Dec 31, 2026. The campaign will share select anonymous entries on social media. The release cites a survey saying 64% of workers avoid or regret company holiday parties.

Topgolf Callaway Brands (NYSE: MODG) reported Q3 2025 results and raised full‑year guidance on Nov 6, 2025. Q3 net revenue was $934.0M and Adjusted EBITDA was $114.4M. Excluding Jack Wolfskin, ongoing business revenue rose about 3% year‑over‑year and Topgolf same‑venue sales turned positive at +1%.

Liquidity grew by $391.2M to $1,254.2M. The company raised 2025 consolidated revenue guidance to $3.90–3.94B and consolidated Adjusted EBITDA to $490–510M; Topgolf revenue guidance was raised to $1.77–1.79B with Topgolf Adjusted EBITDA of $295–305M. Management cites ~$40M estimated tariffs for 2025 and reported $12M incremental tariffs in Q3.

Topgolf Callaway Brands (NYSE: MODG) will release its third quarter 2025 financial results on Thursday, November 6, 2025 after market close.

Management will review results on a conference call beginning at 2:00 p.m. PT / 5:00 p.m. ET. A live webcast and presentation will be available via the company Investor Relations website at https://www.topgolfcallawaybrands.com/investor-overview. A replay will be posted approximately two hours after the event concludes.

The company also plans to participate in the Morgan Stanley Global Consumer & Retail Conference on December 3, 2025 in New York City.

Topgolf (NYSE:MODG) has broken ground on its first Wisconsin venue in Monona, eight miles east of Madison at 6400 Gisholt Drive, with an opening targeted for fall 2026.

The two-level facility will feature 72 outdoor climate-controlled hitting bays across two levels, Toptracer technology, a full-service restaurant and bar, more than 100 HDTVs, event space, an outdoor patio and year-round programming. The venue is expected to employ roughly 200–250 playmakers and aims to serve both recreational and group-event demand in the metro area.

Topgolf (MODG) will open its second Minnesota venue, Topgolf Woodbury, on Oct. 30, 2025 at 560 Bielenberg Drive. The three-level outdoor venue is the brand's 111th global outdoor venue and features 102 climate-controlled hitting bays across three levels, industry-leading Toptracer technology and the new Topgolf Field Goal Challenge. The site employs roughly 350–400 Playmakers and includes a full-service bar and restaurant, private event space, rooftop terrace, fire pits and 140+ HDTVs. To celebrate the opening, Topgolf is running a giveaway: players who book and complete a one- or two-bay reservation from Oct. 30–Nov. 13, 2025 are automatically entered to win one year of free gameplay (no purchase necessary; terms apply).

Topgolf (NASDAQ:MODG) launched Topgolf PlayMore on Oct. 8, 2025, a $20/month membership that includes one free hour of game play monthly (redeemable any day, any time) and one free appetizer every visit.

Membership credits are added automatically to member accounts; reservations and redemption must be made in the Topgolf App or at Topgolf.com/Memberships. PlayMore joins existing Platinum Club and Platinum Elite tiers and complements the brand's summer value lineup (Half‑Off Golf Mon–Thu, Sunday Funday pricing, Topgolf Nights, and Value Bites). Pricing and availability vary by venue.