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Topgolf Callaway Brands Corp. (NYSE: MODG) reports a 7% revenue growth for the full year 2023, with positive cash flow. The Topgolf business saw a 1% Same Venue Sales growth and strong U.S. market share in golf equipment. The company's active lifestyle segment revenue also grew over 9%.
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End-of-Day
11.6%
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Topgolf Callaway Brands Corp. (NYSE: MODG) will release its Q4 and full-year 2023 financial results on February 13, 2024. The management team will hold a conference call to discuss the results and business outlook. Additionally, the company's participation in upcoming conferences was announced.
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-1.96%
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Callaway Golf (ELY) announces the launch of their Paradym Ai Smoke Drivers, Fairway Woods, Irons, and Hybrids, featuring Ai Smart Face technology designed to create sweet spots across the entire face. The clubs are available for pre-sale on January 12 and at retail starting on January 26. The Paradym Ai Smoke Drivers represent a significant advancement in Callaway's Ai journey, leveraging player data and machine learning to optimize driver performance. The 360° Carbon Chassis and internal titanium support structure result in improved launch conditions and forgiveness. The Paradym Ai Smoke Fairway Woods and Hybrids also feature Ai Smart Face technology and Tungsten Speed Cartridges for enhanced launch, spin, and distance. The Paradym Ai Smoke Irons offer exceptional distance and tight dispersion into the green with an all-new Dynamic Sole Design. Pricing starts at $599.99 for Drivers, $349.99 for Fairway Woods, $279.99 for Hybrids, and $999.99 for a standard 7-piece set of Irons.
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-0.07%
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Callaway Golf (ELY) announces the launch of their new line of Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls, setting a new standard in performance. The golf balls are meticulously engineered for exceptional speed, consistent flight, incredible spin, and greenside control. They will be available at retail on February 2nd at a price of $54.99 per dozen.
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Topgolf (TGTG) Breaks Ground on Two-Level Venue in Greensboro, North Carolina
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-3.13%
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Topgolf (TGOLF) is set to open its newest venue in Little Rock, Arkansas, on December 22, 2023. The 98th global outdoor venue and the 88th in the U.S., the new location will employ approximately 300 Playmakers and feature 72 outdoor climate-controlled hitting bays with Toptracer technology. The venue will offer virtual courses, signature games, and half-off game play on Tuesdays, along with a full-service restaurant, private event rooms, and outdoor areas for family-friendly programming and yard games. Little Rock Mayor Frank Scott Jr. expressed excitement about the addition of Topgolf to the city, noting the creation of over 300 new jobs and the anchor of a new mixed-use development.
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2.34%
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Topgolf to Open Lafayette Venue in Louisiana, Ticker: TGOLF. Topgolf, a modern golf entertainment leader, is set to open its Lafayette venue on Dec. 15, becoming Louisiana's second Topgolf location. The venue will feature 60 outdoor climate-controlled hitting bays, Toptracer technology, a full-service restaurant, rooftop terrace, and more. The opening will create roughly 200 job opportunities, with plans for a New Orleans venue by early 2025. Topgolf Lafayette will offer half-off game play on Tuesdays and provide lessons through the Topgolf Coach program.
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Topgolf (TGGF) will open its 96th global venue and 9th in Florida on Dec. 15. The Pompano Beach venue, part of The Pomp mixed-use development, will feature 102 outdoor hitting bays, Toptracer technology, a full-service restaurant, rooftop terrace, and more. The venue will employ roughly 400 Playmakers and offer half-off game play on Tuesdays. Topgolf Pompano Beach aims to provide a modern golf experience for both beginners and experienced players in a relaxed environment.
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Topgolf Callaway Brands Corp. (NYSE: MODG) announced its financial results for the third quarter ended September 30, 2023. The company reported solid financial results, with net revenues growing by 5.3%, driven by continued growth at Topgolf and momentum in Active Lifestyle. However, net income decreased by 22.9% on a GAAP basis. Topgolf remains on track to open 11 new venues in the U.S. this year. The company is confident in its ability to deliver positive free cash flow for the total Company and Topgolf this year.
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-16.87%
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Topgolf announced the opening of its Mobile venue on November 17th, making it Alabama's third Topgolf location. The venue will have 60 outdoor climate-controlled hitting bays, a nine-hole mini-golf course, and Topgolf's signature games. It will employ approximately 200 Playmakers and will feature a full-service restaurant, a 22-foot video wall, more than 100 HDTVs, and year-round family-friendly programming.
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Rhea-AI Sentiment
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7.89%
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Topgolf Callaway Brands Corp.
NYSE:MODG
MODG Rankings
MODG Stock Data
2.82B
140.69M
11.62%
86.65%
7.9%
Sporting and Athletic Goods Manufacturing
Manufacturing
United States of America
CARLSBAD
About MODG
callaway golf company (nyse: ely) manufactures and sells clubs and balls, and sells golf accessories under the callaway golf and odyssey brands worldwide. we push the limits of performance and innovation to develop drivers, fairway woods, golf balls, hybrids, irons and odyssey putters that are designed to make every golfer a better golfer. for more information please visit www.callawaygolf.com. for all the latest news from callaway, follow us on: facebook: https://www.facebook.com/callaway twitter: https://twitter.com/callawaygolf instagram: http://instagram.com/callawaygolf youtube: http://www.youtube.com/callaway blog: http://blog.callawaygolf.com/