Welcome to our dedicated page for Topgolf Callaway Brands Ord Shs news (Ticker: MODG), a resource for investors and traders seeking the latest updates and insights on Topgolf Callaway Brands Ord Shs stock.
Topgolf Callaway Brands Corp (NYSE: MODG) combines cutting-edge golf entertainment with premium equipment manufacturing and active lifestyle apparel. This news hub provides investors and industry observers with official updates across the company’s three core segments: tech-driven Topgolf venues, performance golf equipment, and modern lifestyle brands.
Access timely financial disclosures, strategic initiatives, and operational developments through verified press releases and regulatory filings. Our curated collection includes earnings announcements, merger & acquisition activity, product innovation launches, and venue expansion updates. Track the company’s progress in merging digital experiences with traditional golf through technologies like Toptracer and WGT.
Key updates cover leadership changes, partnership agreements, sustainability efforts, and market expansion strategies. All content is sourced directly from company communications to ensure accuracy, with clear differentiation between official statements and third-party analysis.
Bookmark this page for streamlined access to MODG’s latest developments in golf entertainment innovation, equipment technology advancements, and global brand growth. Check regularly for updates on strategic reviews and operational milestones that shape the company’s position in the sports and lifestyle sectors.
On March 16, 2023, Topgolf Callaway Brands Corp. (NYSE: MODG) successfully completed a significant capital refinancing plan. This included entering into a new $1.25 billion senior secured term loan B and refinancing existing loans totaling $944 million, yielding annual cash interest savings of over $12 million. The refinancing aims to simplify financial reporting, extend debt maturities, and enhance liquidity by over $300 million. Additionally, the company upsized its asset-backed lending facility to $525 million. This strategic move is expected to provide financial flexibility for continued business growth and the development of new Topgolf venues, enhancing long-term shareholder value.
Topgolf Callaway Brands Corp. (NYSE: MODG) announced its attendance at the Raymond James Institutional Investors Conference on March 6, 2023, in Orlando, Florida. The company is a leader in the Modern Golf and active lifestyle sector, offering a wide range of golf equipment, apparel, and entertainment. For further details, stakeholders can access the latest presentation materials from the Investor Relations section on their website. Topgolf Callaway Brands boasts a robust portfolio including brands like Callaway Golf, TravisMathew, and Toptracer.
Topgolf Callaway Brands Corp. (MODG) reported a 19.6% increase in fourth-quarter net revenue, reaching $851.3 million, with a full-year revenue of $3,995.7 million, a 27.5% rise from 2021. The Q4 seasonal operating loss improved by 36.6%, while Adjusted EBITDA surged 155.9% to $36.6 million. Despite a $37.8 million adverse foreign currency impact in Q4, the company opened 11 new venues in 2022. For 2023, revenue is projected between $4,415 million and $4,470 million, indicating 10%-12% growth. The Adjusted EBITDA outlook for 2023 ranges from $620 million to $640 million, representing an 11%-15% increase.
Topgolf Callaway Brands Corp. (NYSE: MODG) announced it will release its fourth quarter and full year 2022 financial results on February 9, 2023, post-market. A conference call will follow at 2:00 p.m. PT to discuss the results and outlook, accessible via the Company’s website. Topgolf Callaway operates a leading brand portfolio in golf equipment and lifestyle, including Topgolf, Callaway Golf, and others. This event is crucial for investors seeking insights into the Company’s financial health and future direction.
Stephen Curry and Callaway Golf have extended their partnership, focusing on initiatives to make golf accessible to underserved youth. This multi-year agreement enhances efforts initiated since 2019, including the launch of Howard University's Division 1 Golf Program and the creation of a Chrome Soft Truvis Golf Ball for the Eat. Learn. Play. Foundation. The partnership also supports Curry's UNDERRATED Golf brand, promoting diversity in the sport. Callaway aims to bring a younger audience into golf while addressing gender inequity.
Callaway Golf has announced a partnership with global music star Niall Horan, aiming to engage younger audiences in the sport. This collaboration will focus on initiatives that promote golf's accessibility and enjoyment. Horan, a passionate golfer and founder of Modest Golf, has previously worked on grassroots golf programs. Callaway's CEO expressed excitement over Horan's role in broadening golf's appeal. The partnership is expected to create content and experiences that resonate with both golf enthusiasts and new players, enhancing the game's visibility.
Callaway Golf has unveiled its new Paradym Family of Woods and Irons, promising a significant leap in golf club performance. The clubs will be available for pre-sale on January 13 and in retail stores from February 24. The product features include an innovative 360 Carbon Chassis for enhanced distance and forgiveness, and three driver models tailored for various player preferences. Pricing includes $599.99 for drivers and $200 per iron, with a standard 7-piece set priced at $1400. This launch reaffirms Callaway's commitment to innovation in golf equipment.
Topgolf Callaway Brands Corp. (NYSE: MODG) will attend the Stephens' Annual Investment Conference on November 17, 2022, in Nashville, Tennessee. The company plans to release its presentation materials before the event, accessible via its Investor Relations website. Topgolf Callaway is a leading tech-enabled modern golf and active lifestyle company, offering a diverse range of brands including Topgolf and Callaway Golf.
Topgolf Callaway Brands reported Q3 2022 net revenues of $988.5 million, up 15.4% year-over-year, primarily driven by a 24.0% increase in the Topgolf segment. The company recognized a GAAP net income of $38.5 million, a substantial increase of 340.6% compared to Q3 2021. However, GAAP income from operations saw a decrease of 10.3%. The 2023 outlook anticipates a 10% growth in revenue despite facing foreign exchange challenges estimated at $110 million.
Topgolf Callaway Brands Corp. (NYSE: MODG) will release its third quarter 2022 financial results on November 3, 2022, after market close. A conference call is scheduled for 2:00 p.m. PDT the same day to discuss the results and company outlook. Investors can access the call live via the Investor Relations section of the company's website, with a replay available shortly after the event.
Topgolf Callaway Brands is recognized for its tech-enabled Modern Golf and lifestyle offerings, featuring brands such as Callaway Golf and Topgolf.
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