All Topgolf articles
-
News briefs‘Unaware of reported sale discussions’, says Topgolf Callaway
Topgolf Callaway Brands Corp. is reportedly contemplating the sale of its Callaway Golf business, as reported on Wednesday, March 21. The speculated valuation for the brand stands at an impressive $3 billion. While the potential sale focuses solely on the Callaway Golf segment, it suggests that Topgolf would remain unaffected ...
-
ArticleTopgolf Callaway forecasts higher revenue, Ebitda and cash flow in 2024
Topgolf Callaway, which is working on several synergistic strategies to connect and grow its various businesses, is forecasting modest cash flow growth this year before it ramps up between 2025 and 2028 and bolsters earnings per share expansion starting next year. Despite currency headwinds and a difficult year-over-year comparison for ...
-
ArticleSporting Goods 2022 – The top companies worldwide by sales and profit
Our updated 2022 Sporting Goods Scorecard brings you the industry winners, with revenue & profit development of 47 sporting goods companies.
-
ArticleTopgolf Callaway beats Q1 forecasts but trims FY estimates as venue bookings slip
Topgolf Callaway Brands beat earnings and sales forecasts for its first financial quarter but trimmed profit forecasts as corporate bookings at its Topgolf venues tailed off slightly at the end of the three month period.
-
AnalysisAnalysis: Taking stock of sporting goods inventory levels
Our exclusive analysis of the inventory levels of some of the industry’s biggest brands, including how some are responding to the challenges
-
Infographics & DataSporting goods company inventory levels in Q4 2022
We’ve compiled inventory levels at the top sporting goods companies in Q4 2022. Found out how they compare with 2021 and across the industry
-
ArticleTopgolf Callaway lifts forecasts as venues offset weaker golf gear sales
Topgolf Callaway reported a rise in fourth-quarter revenues and pushed annual earnings forecasts higher after a strong performance from its driving ranges looked set to help cushion weaker demand for golf equipment this year.
-
ArticleTopgolf Callaway tees off with record third quarter; lifts guidance
Topgolf Callaway Brands has lifted annual guidance after a record third quarter and said it continues to see the Topgolf operation as a key driver of growth that will contribute half of the company’s Ebitda in the near future. Group net revenue for the three months to Sept. 30 was ...
-
News briefs
DP World Tour launches e-sport tournament
The DP World Tour is launching a new e-sport competition in partnership with Topgolf and DreamHack Sports Games. The new “eTour”, which will be open to playing from Aug. 31, is available to anyone who downloads the WGT by Topgolf mobile game, developed by DreamHack. The new competition will take ...
-
ArticleCallaway Golf to change company name
Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. Following the company’s merger with Topgolf in 2021, “the name change reflects Callaway’s dynamic brand portfolio that has unmatched scale and reach across the full modern golf and active lifestyle ecosystem, including on- and off-course ...
-
ArticleCallaway generates double-digit sales gains across all segments, raises FY outlook
In reporting record second-quarter results paced by revenue and operating income growth from its Topgolf driving range venues, Callaway said pricing and other business improvement implemented during H1 have enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.” Net income increased ...
-
News briefsVista’s Foresight Sports becomes Callaway Golf’s official partner for launch monitor technology
Callaway has launched a long-term plan to integrate the technology of Foresight Sports – a Vista Outdoor company – into its global brand network, including Topgolf and Toptracer. As a result, Foresight Sports, the leading developer of professional tee monitors, has become an official partner of Callaway Golf and the ...
-
ArticleAnalysis: Sales per employee increased 18% in 2021
Aggregate, year-over-year employee growth at 19 sporting goods companies rose 9.7 percent in 2021 as average sales per employee (SPE) at these firms increased 18.4 percent to €390,000. These calculations were made after SGI Europe scoured annual reports for year-end employee counts, which often were detailed to include full-time employees, ...
-
ArticleTopgolf tees up earnings guidance rise for Callaway after strong Q1
Callaway Golf raised annual guidance after a strong first quarter, driven by its Topgolf driving range venues, where sales surged on pre-Covid pandemic levels after a slow start due to the Omicron variant and strong performances from its other segments. Revenue for the three months to March 31 rose 59.6 ...
-
ArticleCallaway sees Topgolf driving growth in new strategic plan
Callaway is eyeing growth from increasing product diversity through Topgolf and apparel, outlining how the off-course game and pandemic-driven activewear and outdoor boom are shifting its sales makeup while continuing to grow golf equipment. The company announced preliminary first-quarter results in conjunction with its annual investor day. First-quarter revenue totaled ...
-
News briefsCallaway Golf Company publishes 2021 sustainability report
Callaway Golf Company, the owner of the Callaway, Odyssey, Ogio, Topgolf, Jack Wolfskin and TravisMathew brands, has published its sustainability report 2021 to summarize the group’s global sustainability program across all brands’ corporate offices, facilities and global operations. As part of its ambition to drive improvement throughout operations and supply ...
-
News briefs
S&P downgrades Callaway for its merger with Topgolf
The pro forma debt/Ebitda ratio of about 8 times given for the company formed by the merger of Callaway Golf with Topgolf has led Standard & Poor’s to downgrade the credit rating of Callaway to B from B+, and the agency indicated that it could lower it further. As Callaway ...
-
News briefs
Moody's upgrades Topgolf's rating
Moody’s has upgraded the corporate family rating of the Topgolf Entertainment Group in view of the international venue operator’s support following its merger with Callaway Golf Co. The rating agency has also changed its outlook to stable. Moody’s expects that Topgolf will be in a position to start generating positive ...
-
News briefs
Pizza Hut chief will run Topgolf
Callaway Golf Co. has appointed Artie Starrs as the new CEO for the Topgolf Entertainment Group, with which it is merging, with effect from Apr. 5. He comes from Yum! Brands, where he led Pizza Hut, the well-known international fast-food chain, overseeing its 18,000 locations in 110 countries. Starrs will ...
-
News briefs
Callaway closes Topgolf’s acquisition
The merger of Callaway Golf Co. and Topgolf International has been completed, following approval of the deal by a majority of the shareholders of both companies. Topgolf’s assets include a number of golf driving ranges, a ball tracing system and other golf-related entertainment tools and media. As originally agreed last ...
