Topgolf Callaway Brands Ord Shs Stock Price, News & Analysis

Topgolf has broken ground on a new two-level venue in New Braunfels, Texas, set to open in late 2025. Located at 427 Creekside Way in the New Braunfels Town Center at Creekside, this will be Topgolf's 14th venue in Texas. The facility will feature 62 outdoor climate-controlled hitting bays equipped with Toptracer technology, a full-service bar and restaurant, a 216-square-foot video wall, over 140 HDTVs, mini golf, and an outdoor area with yard games and fire pits. The venue aims to provide a modern golf experience suitable for both beginners and experienced players in a relaxed environment. Once operational, it will employ approximately 200 Playmakers.

Topgolf announced the opening of Topgolf Bryan on Oct. 18, 2024, in the former BigShots venue at 400 W. Villa Maria Road in Travis Bryan Midtown Park. This marks the first BigShots transition since Topgolf Callaway Brands Corp. acquired four domestic BigShots venues in November 2023. The new venue features 60 outdoor climate-controlled hitting bays across two levels, equipped with Toptracer technology.

To celebrate its arrival, Topgolf Bryan is offering half-price gameplay from Oct. 18 through Oct. 31. The venue will employ approximately 100 Playmakers and includes amenities such as a full-service restaurant, private event rooms, an outdoor patio, and mini golf. Players can enjoy six game options, virtual courses, and Topgolf's newest game, Block Party. The venue will also honor BigShots Bryan gift cards and offer half-price gameplay every Tuesday year-round.

Topgolf and Topgolf Callaway Brands Corp. (NYSE: MODG) have launched Topgolf Shop, a beginner-friendly golf equipment website. The site offers Callaway golf clubs, balls, and accessories tailored for new golfers, aiming to make the transition from Topgolf venues to actual courses easier. With only 25% of beginner golfers staying in the game long-term, Topgolf Shop addresses the challenge of finding appropriate equipment for newcomers.

The website features a simple survey to guide players through gear recommendations, access to booking lessons or reserving bays at Topgolf venues, and a straightforward navigation for individual product purchases. The initial product lineup includes Callaway Complete Golf Club Sets for various demographics, golf balls, gloves, and tees. Additional offerings, including special edition items and Topgolf-branded accessories, will be rolled out by year-end.

Topgolf and SEGA of America have announced a multiyear partnership to launch an exclusive Sonic the Hedgehog™ game at Topgolf venues. The game will be available at U.S. and Glasgow, UK, locations in November 2024 and at Toptracer-enabled franchise venues globally by Q1 2025. This marks Sonic's first venture into golf entertainment and Topgolf's first game developed with an external IP since 2020.

The new game blends Topgolf's ball-tracing technology with iconic Sonic environments, allowing players to hit springs, collect rings, and destroy badniks in Green Hill Zone and Sky Sanctuary. It's designed for all skill levels, with the entire outfield being scorable. Topgolf is also introducing a new club called 'The Sure Thing' for novice players.

This partnership coincides with the launch of SONIC X SHADOW GENERATIONS™ on Oct. 25, 2024, and the release of Sonic the Hedgehog 3 movie on Dec. 20, 2024. Exclusive merchandise and co-branded events will be announced later this fall.

Topgolf Callaway Brands Corp. (NYSE: MODG) has entered a multiyear strategic agreement with Golf Saudi Entertainment, to expand its brand presence in Saudi Arabia. The deal includes:

1. Golf Saudi plans to build three Topgolf venues by 2028, with an option for two more.
2. Callaway Golf, Odyssey, TravisMathew, and Ogio become official equipment and apparel brands for Saudi national golf teams and professionals.
3. Golf Saudi becomes the exclusive distributor of Callaway Golf, Odyssey, and Ogio products in Saudi Arabia.

This partnership aims to strengthen Topgolf Callaway Brands' global presence and contribute to Saudi Arabia's development as a golfing nation.

Topgolf has broken ground on a new two-level venue in Panama City Beach, Florida, set to open in summer 2025. This will be Topgolf's 10th venue in the state, located adjacent to Pier Park. The facility will feature 74 outdoor climate-controlled hitting bays equipped with Toptracer technology, a full-service restaurant and bar, a 22-foot video wall, and over 140 HDTVs. The venue will employ 275-300 Playmakers and aims to cater to both locals and tourists in the popular Emerald Coast area. Mayor Stuart Tettemer welcomed Topgolf's investment, highlighting its potential to enhance the city's entertainment options and provide family-oriented fun.

Topgolf Callaway Brands Corp. (NYSE: MODG) has announced plans to separate into two independent companies: Callaway, a leader in golf equipment and active lifestyle products with $2.5 billion in revenue, and Topgolf, a high-growth golf entertainment business with $1.8 billion in revenue. The separation, expected to be completed in the second half of 2025, aims to create two focused entities with distinct investment opportunities and capital allocation strategies.

The company intends to spin off at least 80.1% of Topgolf to shareholders in a tax-free transaction. Callaway will retain all existing financial debt, while Topgolf will have no financial debt and a significant cash balance. Both companies are expected to generate positive free cash flow and maintain strong market positions.

Topgolf is set to open its fourth venue in North Carolina on September 13, 2024, located in Greensboro at 609 Guilford College Road along I-40. The two-level facility will feature 72 climate-controlled hitting bays equipped with Toptracer technology. This marks Topgolf's 102nd global outdoor venue.

The venue will employ approximately 300 Playmakers and offers a full-service restaurant, bar, and entertainment options. It includes a 28-foot video wall, over 200 HDTVs, and a private event space with a rooftop terrace. Topgolf Greensboro aims to provide a relaxed environment for both golf enthusiasts and beginners, featuring games like Block Party designed to level the playing field.

Topgolf, a modern golf entertainment leader, is set to open its first venue in Iowa on September 6, 2024. The Topgolf Des Moines facility, located at 7655 Mills Civic Parkway in West Des Moines, will be the company's 101st global outdoor venue. The two-level facility features 72 climate-controlled hitting bays equipped with Toptracer technology, a full-service restaurant and bar, and various entertainment options.

The venue will employ approximately 300 'Playmakers' and aims to make golf accessible to players of all skill levels. It offers unique games like Block Party, lessons through the Coach program, and the option to use professional-grade clubs. The facility also includes a 22-foot video wall, over 100 HDTVs, an outdoor patio, and semi-private event rooms for various gatherings.