Topgolf Callaway Slices, Announces Spinoff
Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses.
Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger
Shares of Topgolf Callaway Brands (MODG) rose about 5% in premarket trading Thursday, a day after announcing plans to split back into two separate companies just three years after their merger was completed.
Topgolf Callaway wants to split up after a little more than three years. Here's what could complicate the breakup.
After some three-and-a-half years together, Topgolf — a driving-range and entertainment chain — and Callaway, a maker of golf clubs and golf balls, could soon find themselves on their own.
I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock
August has been a month to forget for Topgolf Callaway Brands (NYSE:MODG), whose share price has lost 32% through Aug.
Topgolf Callaway Brands Corp.: Rating Downgrade On Poor SVS Performance
I revised my rating from buy to sell. I now have very little confidence in SVS growth given the weak discretionary spending environment, and poor results from initiatives implemented. MODG's 2Q24 performance showed a significant deceleration in SVS growth.
Topgolf Callaway Likely To Spin-Off Topgolf Business
On August 7, 2024, Topgolf Callaway Brands Corp. (NYSE: MODG, $11.73, Market Capitalization: $2.2 billion), a prominent player in golf equipment and entertainment, announced that it is conducting a formal strategic review of its businesses, wherein the management is exploring a potential spin-off the Topgolf segment (for more information, visit spinoffresearch.com).
Topgolf Callaway Brands Corp (MODG) Q2 2024 Earnings Call Transcript
Topgolf Callaway Brands Corp (NYSE:MODG ) Q2 2024 Results Conference Call August 7, 2024 5:00 PM ET Company Participants Katina Metzidakis - VP, IR & Corporate Communications Chip Brewer - President & Chief Executive Officer Brian Lynch - Chief Financial Officer & CLO Conference Call Participants Alex Perry - Bank of America Matthew Boss - JPMorgan Eric Wold - B. Riley Securities Megan Alexander - Morgan Stanley Joseph Altobello - Raymond James Operator Good day, and welcome to the Topgolf Callaway Brands Second Quarter 2024 Conference Call.
Topgolf Callaway Stock Fell Close to 25% This Week. Here's Why.
Topgolf Callaway's equipment and apparel segments saw declining revenue in Q2. Topgolf same-store sales are declining.
Topgolf Callaway (MODG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Topgolf Callaway (MODG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Topgolf Callaway Brands (MODG) Q2 Earnings Top Estimates
Topgolf Callaway Brands (MODG) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.39 per share a year ago.
