Topgolf Callaway Brands Ord Shs Stock Price, News & Analysis

Callaway Staff Professional Minjee Lee clinched her third major championship at the KPMG Women's PGA Championship using Callaway equipment. Lee's winning setup included the Callaway Elyte Driver with Ai 10x face technology, averaging 262 yards per drive, along with the Chrome Tour X Golf Ball and Odyssey Ai-ONE Square 2 Square Broomstick #7 Putter. Callaway dominated as the #1 Driver Brand at the tournament with 51 drivers in play. The Chrome Tour Golf Ball lineup has now secured 4 major victories, including two from Xander Schauffele and one from Yuka Saso in 2024. Lee, who joined Callaway in early 2024, follows her brother Min Woo Lee's success, who won his first PGA TOUR event at the Texas Children's Houston Open using Callaway equipment.

Topgolf (MODG) announced the opening of its 10th Florida venue in Panama City Beach on June 27, 2025. The two-level entertainment facility, located adjacent to Pier Park, features 74 climate-controlled hitting bays equipped with Toptracer technology. The venue will employ 275-300 staff and offers a full-service restaurant, bar, 22-foot video wall, 140+ HDTVs, and outdoor patio. Grand opening celebrations include free gameplay from 9-11 AM on opening day, live music, and special promotions including a chance to win one year of free gameplay. The facility will offer regular promotions including half-off gameplay on Tuesdays and a 20% discount for Cash App Visa cardholders during opening weekend. The venue provides golf instruction through its Coach program and features The Sure Thing, Topgolf's exclusive golf club designed for beginners.

Topgolf, a subsidiary of Modern Golf (MODG), has broken ground on a new three-level venue in Parsippany, New Jersey, scheduled to open in summer 2026. The facility, located at 1269 Route 46 near I-80 and I-280, will be Topgolf's third venue in New Jersey. The venue will feature 102 climate-controlled hitting bays equipped with Toptracer technology, a full-service restaurant and bar, over 140 HDTVs, fire pits, and a rooftop terrace. The facility will create 350-400 jobs and include private event spaces for corporate and social gatherings. This expansion represents Topgolf's commitment to growing its presence in New Jersey while offering a modern, technology-driven golf experience suitable for players of all skill levels.

Topgolf (MODG) announces comprehensive summer value offerings starting June 9, 2025, featuring significant discounts and promotions across U.S. venues. Key initiatives include 50% off golf Monday through Thursday, Sunday Funday specials ($30-$40/hour), and Topgolf Nights weekend deals. The company is introducing a Summer Fun Pass for $250, offering unlimited gameplay from Memorial Day to Labor Day with additional perks. The promotion includes new menu items, frozen cocktails, and a Marvel Studios' Fantastic Four themed experience running June 30 to September 15. CEO Artie Starrs emphasizes the company's commitment to making premium experiences more affordable during uncertain economic times. The initiative is supported by a new "You're Better Off at Topgolf" advertising campaign launching June 9.

Topgolf Callaway Brands (NYSE: MODG) has completed the sale of its Jack Wolfskin business to ANTA Sports for $290 million, with the transaction closing on May 31, 2025. This strategic divestment marks a significant step for the company as it aims to streamline its focus on core operations and increase financial flexibility ahead of the planned separation of Topgolf from its main business. CEO Chip Brewer expressed confidence that ANTA Sports will maintain Jack Wolfskin's brand integrity while acknowledging the contributions of Jack Wolfskin employees in preparing the business for its transition.

Topgolf Callaway Brands (NYSE: MODG) reported Q1 2025 financial results with net revenue of $1,092.3 million, down 4.5% year-over-year, but outperforming expectations. The company's Adjusted EBITDA increased 4.0% to $167.3 million, driven by improved profitability in Golf Equipment and Active Lifestyle segments. Key highlights include: - Golf Equipment segment showed strong performance with the Elyte Driver receiving awards - Total Segment Operating Income increased 9.7% - Available liquidity strengthened to $805 million, up 12% year-over-year - Plans to sell Jack Wolfskin business and separate Topgolf - Maintained full-year revenue and Adjusted EBITDA guidance - Topgolf same venue sales declined 12%, leading to segment revenue decrease of $29.1 million - Company reduced Topgolf's same venue sales guidance for 2025 to down 6-12% from previous mid-single digits

Topgolf Callaway Brands (NYSE: MODG) has scheduled the release of its first quarter 2025 financial results for Monday, May 12, 2025, after market close. The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results, business updates, and outlook. Investors can access the live webcast and presentation through the Investor Relations section of the company's website. A replay of the event will be available online approximately two hours after the call concludes.

Topgolf Callaway Brands (NYSE: MODG) has announced an agreement to sell Jack Wolfskin to ANTA Sports for $290 million in cash, subject to adjustments. The transaction is expected to close in late Q2 or early Q3 2025.

The sale aligns with the company's strategy to focus on core operations and strengthen its financial position ahead of the planned Topgolf separation. Jack Wolfskin's 2025 financial projections include:

• Full year estimates: €325 million revenue and €12 million Adjusted EBITDA
• H1 2025: €115 million revenue with €18 million Adjusted EBITDA loss
• H2 2025: €210 million revenue and €30 million Adjusted EBITDA

Goldman Sachs is serving as financial advisor, with Latham & Watkins LLP as legal advisor for the transaction.

Topgolf and Verizon have announced a multiyear partnership that will provide exclusive benefits to Verizon's 114 million U.S. customers through the Verizon Access program.

The collaboration includes three main offerings:

• Anytime Deals: -time local discounts on gameplay
• Local Passes: Seasonal offers on event packages and gift cards
• Big Tickets: Access to VIP event experiences and personalized hospitality experiences

The partnership, facilitated by OVG Global Partnerships, is effective immediately, with offers accessible through the Verizon Access tab in the Verizon app. New promotional offers will be rotated throughout the year.