Callaway Golf Company Stock News

Topgolf Callaway (MODG -17.02%) shares were falling on Tuesday, down 13.4% as of 1:42 p.m. ET, despite the overall S&P 500 (^GSPC 0.72%) rallying about 1.1% at that time on the back of this morning's softer-than-expected inflation report.

Topgolf Callaway Brands Corp.'s Q1 results beat Wall Street expectations, but Topgolf's issues continued with a -12% same-venue sales decline and a lowered 2025 outlook. Other segments showed quite subdued sales but a very strong profitability performance. The divestment of Jack Wolfskin comes at a great valuation and enables Topgolf Callaway to slightly deleverage the high-debt balance sheet.

Topgolf Callaway Brands Corp. (NYSE:MODG ) Q1 2025 Results Conference Call May 12, 2025 5:00 PM ET Company Participants Katina Metzidakis - Vice President of Investor Relations & Corporate Communications Chip Brewer - President and Chief Executive Officer Brian Lynch - Chief Financial Officer and Chief Legal Officer Artie Starrs - Chief Executive Officer-Topgolf Conference Call Participants Mat...

Shares of Topgolf Callaway Brands Corp. slipped after hours on Monday after the parent of Topgolf and Callaway-brand golf clubs warned of weaker sales at the driving-range chain and more competition in golf equipment, although it said first-quarter trends were solid, marked by a surprise adjusted profit.

HIGHLIGHTS Q1 consolidated Net Revenue of $1,092 million and strong Adjusted EBITDA both outperformed expectations. Q1 Total Segment Operating Income increased 9.7%.

CARLSBAD, Calif. , May 5, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (the "Company" or "Topgolf Callaway Brands") (NYSE: MODG) announced today that it intends to release its first quarter 2025 financial results on Monday, May 12, 2025, after the market closes.

I maintain a concentrated portfolio and recently invested in Topgolf Callaway Brands, despite the market's disagreement and the firm's significant share price decline. Management plans to spin off Topgolf, allowing each entity to focus on strengths, potentially creating more shareholder value. Despite recent financial challenges, including a $1.45 billion impairment charge, I believe the stock ...

CARLSBAD, Calif. , April 10, 2025 /PRNewswire/ -- Topgolf Callaway Brands Corp. (NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") announced that it has entered into an agreement to sell its Jack Wolfskin business to ANTA Sports for a base price of $290 million in cash, subject to net working capital and other customary adjustments.