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Topgolf Callaway Brands (MODG)
NYSE:MODG
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.05Last Year’s EPS
0.09Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 24, 2025
|% Change Since: 1.34%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook, highlighting strong performance in Golf Equipment and impressive free cash flow generation, while also acknowledging significant challenges such as declining same venue sales at Topgolf and substantial foreign exchange headwinds. Despite these pressures, the company remains optimistic about its strategic product launches and operational efficiencies.Company Guidance
In the Topgolf Callaway Brands Fourth Quarter 2024 Conference Call, the company reported strong performance in several key areas despite facing some headwinds. Topgolf achieved $337 million in EBITDA with venue level EBITDA margins at approximately 34%, flat compared to 2023 and up 500 basis points from 2019, while generating over $100 million in free cash flow. The Golf Equipment segment maintained its leadership in the U.S. golf club market share and achieved record share in golf balls, contributing to a total company free cash flow of $203 million. Looking ahead to 2025, the company anticipates foreign exchange and other headwinds to negatively impact core business EBITDA by approximately $75 million, with foreign exchange alone impacting the top line by $60 million and the bottom line by $40 million. Despite these challenges, operational improvements are expected to mitigate some of these impacts, with anticipated organic EBITDA growth of approximately 6% driven by gross margin improvements and cost savings. Topgolf's 2025 guidance projects EBITDA around $270 million with same venue sales down mid-single digits for the year and venue level EBITDA margins remaining flat. The company's consolidated 2025 EBITDA guidance is approximately $460 million, with expectations to remain free cash flow positive.Strong Performance in Golf Equipment and TravisMathew
Golf Equipment and TravisMathew delivered year-over-year growth on the top and bottom line, with Golf Equipment maintaining its leadership position in U.S. golf club market share and driving record share in golf ball.
Record Q4 Venue Level Margins for Topgolf
Topgolf delivered better than expected same venue sales on improving traffic trends and record Q4 venue level margins.
Significant Free Cash Flow Generation
Topgolf generated over $100 million in free cash flow, marking the second consecutive year of positive cash generation. The total company free cash flow was $203 million, strengthening the financial position.
Exciting New Product Launches
The launch of the Elyte product line in clubs and Square 2 Square in putters has received positive market feedback, bolstering optimism for the year.
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MODG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MODG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 24, 2025 | $6.70 | $6.68 | -0.30% |
| Nov 12, 2024 | $9.44 | $8.57 | -9.22% |
| Aug 07, 2024 | $14.00 | $12.22 | -12.71% |
| May 08, 2024 | $16.35 | $15.25 | -6.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Topgolf Callaway Brands (MODG) report earnings?
Topgolf Callaway Brands (MODG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Topgolf Callaway Brands (MODG) earnings time?
Topgolf Callaway Brands (MODG) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MODG EPS forecast?
MODG EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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