All Topgolf articles – Page 2

Article

Topgolf tees up earnings guidance rise for Callaway after strong Q1

2022-05-12T07:12:00Z

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 ...

Article

Callaway sees Topgolf driving growth in new strategic plan

2022-04-28T12:18:00Z

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 briefs

Callaway Golf Company publishes 2021 sustainability report

2022-03-11T11:12:00Z

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

2021-04-08T17:10:00Z

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

2021-03-17T15:30:00Z

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

2021-03-17T15:20:00Z

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

2021-03-09T18:02:00Z

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 ...

Article

Callaway to merge with Topgolf

2020-10-28T18:57:00Z

Callaway Golf Co. and the Topgolf Entertainment Group, a major U.S.-based operator of golf driving ranges, have agreed to merge in an all-stock transaction. It’s an interesting way of creating a vertically integrated operation, without offending Callaway’s wholesale partners and it bears some similarities with what Peloton has so successfully ...

News briefs

Under Armour UK partners with Topgolf

2020-08-24T16:22:00Z

Under Armour has announced a new strategic partnership in the U.K. with Topgolf Entertainment Group, the global sports and entertainment community that connects around 100 million fans. The partnership agreement will see the two companies collaborate in the U.K. on a series of projects to engage with fans and players, ...