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Topgolf Callaway Brands Corp (NYSE: MODG) |
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Price: $6.2000
$-0.12 
-1.899%
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| Day's High:
| $6.43
| Week Perf:
| -2.21 %
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| Day's Low: |
$ 6.14 |
30 Day Perf: |
-2.67 % |
| Volume (M): |
2,088 |
52 Wk High: |
$ 16.89 |
| Volume (M$): |
$ 12,948 |
52 Wk Avg: |
$10.71 |
| Open: |
$6.26 |
52 Wk Low: |
$5.42 |
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| Market Capitalization (Millions $) |
1,139 |
| Shares
Outstanding (Millions) |
184 |
| Employees |
2,000 |
| Revenues (TTM) (Millions $) |
4,239 |
| Net Income (TTM) (Millions $) |
-1,448 |
| Cash Flow (TTM) (Millions $) |
52 |
| Capital Exp. (TTM) (Millions $) |
299 |
Topgolf Callaway Brands Corp
Topgolf is a sports and entertainment company that operates interactive entertainment venues worldwide. They specialize in creating a unique and immersive experience combining socialization, golf, and technology, allowing guests to enjoy food, drinks, and entertainment, while also engaging in the game of golf. Topgolf provides a fun and approachable atmosphere for individuals of all ages and skill levels, making it an excellent destination for families, friends, co-workers, and even professional golfers.
Callaway Brands Corp. is an American golf equipment and apparel company. It is a leading manufacturer of golf clubs, balls, bags, and accessories, including clothing and footwear. The company is well-known for its premium golf products and has a reputation for performance and quality.
In 2007, Callaway and Topgolf collaborated to create a unique driving range concept designed to revolutionize the way people practice golf. The partnership resulted in the launch of Topgolf Entertainment Group, which combines Callaway's expertise in golf equipment and Topgolf's innovative technology and entertainment expertise.
Today, Topgolf has more than 60 venues worldwide, attracting millions of guests each year. Each location features unique social and entertainment experiences, including games, music, and food and beverage offerings. Topgolf's technology allows players to see how far and accurately they have hit the ball, along with various other interactive features, making the game of golf even more enjoyable and accessible.
Callaway's partnership with Topgolf has allowed the company to expand its market reach by providing its products to the millions of guests who visit Topgolf venues worldwide. In addition to this, Callaway's collaboration with Topgolf has helped in the development of new technology and equipment, improving the game of golf and making it more accessible to individuals of all skill levels.
In 2021, Callaway (now known as Callaway Golf Company) agreed to acquire Topgolf Entertainment Group for approximately $2 billion. The acquisition will help the company in expanding its impact on the golf industry and enhance its ability to deliver innovative products and services to its customers.
Company Address: 2180 Rutherford Road Carlsbad 92008 CA
Company Phone Number: 931-1771 Stock Exchange / Ticker: NYSE MODG
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Customers Net Income grew by |
MODG's Customers Net Profit Margin fell to |
16.35 % |
2.83 %
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| Stock Performances by Major Competitors |
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| Topgolf Callaway Brands Corp
Topgolf Callaway Brands Corp experienced a decline in earnings per share and revenue for the January to March 31, 2024 span when compared to the same period in the previous year. Earnings per share decreased by 69.23% to $0.04, while revenue also decreased by 1.987% to $1.14 billion. However, it is worth noting that EPS turned positive from the previous reporting period and revenue improved significantly from $897.10 million.
The bottom-line of $6.500 million in the January to March 31, 2024 span fell by 74% from $25.000 million in the corresponding period a year before. Topgolf Callaway Brands Corp's profitability was impacted, with operating margin decreasing to 5.85% and net margin shrinking to 0.57%. Operating earnings fell by 16.89% to $66.9 million, resulting in a squeeze on the company's operating margin.
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| Topgolf Callaway Brands Corp
By
Carlsbad, Calif. - Topgolf Callaway Brands Corp. (NYSE: MODG), a leading player in the recreation products industry, revealed its financial results for the fourth quarter of 2023 yesterday, delivering a mixed bag of performance indicators that left analysts intrigued. The company experienced both positive and negative trends in its quarterly report, raising questions about its capability to navigate market challenges.
An alarming statistic was the increase in loss per share, which rose from $-0.33 to $-0.39 compared to the previous year, indicating a deteriorating bottom line. Additionally, the EPS fell from $0.16 per share in the prior financial reporting period. Investors were initially discouraged by these figures, as they showcased a decline in profitability.
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| Topgolf Callaway Brands Corp
Topgolf Callaway Brands Corp Reports Revenue Growth and Focus on Sales Improvement
Topgolf Callaway Brands Corp, a leading recreational products company, has recorded different earnings in the financial interval ending September 30, 2023. Despite a challenging industry environment, the company reported a growth in revenue by 5.271% to $1.04 billion, compared to $988.50 million in the previous year. However, income fell by -20% to $0.16 per share, down from $0.20 in the prior year reporting season.
While most of Topgolf Callaway Brands Corp's industry peers experienced top-line contraction, the company successfully withstood the industry's momentum and achieved revenue growth. Revenue for the company deteriorated by -11.791% from $1.18 billion in the previous period, but income per share dropped significantly by -72.88% from $0.59 per share.
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| Topgolf Callaway Brands Corp
Topgolf Callaway Brands Corp had an impressive second quarter of fiscal year 2023, showcasing its strength and resilience in the face of challenging market conditions. The company reported a solid revenue growth of 5.736%, reaching $1.18 billion compared to $1.12 billion in the previous year. This achievement is particularly noteworthy considering that many of its competitors in the Recreational Products industry experienced a revenue decline during the same period.
Furthermore, Topgolf Callaway Brands Corp demonstrated exceptional bottom-line performance, with a remarkable 11.32% increase in net income to $0.59 per share, compared to $0.53 in the prior year reporting period. The company's financial success is further exemplified by its net earnings of $117.400 million, an 11.39% increase from the previous fiscal year.
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| Topgolf Callaway Brands Corp
Despite facing a reduction in earnings per share, Topgolf Callaway Brands Corp has demonstrated a strong potential for growth in recent financial periods. The company's revenue growth of 12.228% to $1.17 billion from the same reporting period a year prior is a testament to its promising prospects. This growth in revenue is even more impressive when considering that the preceding reporting period saw an increase of 37.131% from $851.30 million.
While the earnings per share fell by -70.45% to $0.13 per share in the financial period ending March 31 2023, this is a temporary dip and not indicative of the company's long-term performance. In fact, compared to the previous reporting period, Topgolf Callaway Brands Corp's earnings per share turned positive from $-0.33 per share.
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| Per Share |
Current |
| Earnings (TTM) |
-7.89 $ |
| Revenues (TTM) |
23.08 $
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| Cash Flow (TTM) |
0.28 $ |
| Cash |
2.42 $
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| Book Value |
13.11 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-7.89 $
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| Revenues (TTM) |
23.08 $ |
| Cash Flow (TTM) |
0.28 $ |
| Cash |
2.42 $
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| Book Value |
13.11 $ |
| Dividend (TTM) |
0 $ |
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| United States |
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 71.54 % |
of total Revenue |
| Europe |
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13.49 % |
of total Revenue |
| Asia |
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12.54 % |
of total Revenue |
| Rest of world |
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2.44 % |
of total Revenue |
| Topgolf |
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44.74 % |
of total Revenue |
| Golf Equipment |
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28.98 % |
of total Revenue |
| Active Lifestyle |
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26.28 % |
of total Revenue |
| Venues Topgolf |
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42.34 % |
of total Revenue |
| Other business lines Topgolf |
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2.4 % |
of total Revenue |
| Golf clubs Golf Equipment |
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22.31 % |
of total Revenue |
| Golf balls Golf Equipment |
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6.66 % |
of total Revenue |
| Apparel Active Lifestyle |
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17.83 % |
of total Revenue |
| Gear accessories other Active Lifestyle |
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8.45 % |
of total Revenue |
| Products |
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55.69 % |
of total Revenue |
| Products Topgolf |
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0.43 % |
of total Revenue |
| Royalties |
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2.32 % |
of total Revenue |
| Royalties Topgolf |
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1.71 % |
of total Revenue |
| Royalties Active Lifestyle |
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0.61 % |
of total Revenue |
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2.52%