All TravisMathew articles
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News briefsTopgolf Callaway sells 60% Topgolf stake
Topgolf Callaway Brands Corp. has agreed to sell a 60 percent stake in its Topgolf and Toptracer business to Leonard Green & Partners in a deal valuing the business at approximately $1.1 billion.
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ArticleTopgolf Callaway Brands drops FY guidance, confirms Topgolf strategy
Operating income tumbled 54 percent to $33.7 million from $73.8 million for the three months ended Sep. 30.
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ArticleTopgolf Callaway explores strategic options and lowers FY outlook
The golf group Topgolf Callaway´s Q2 revenues slipped by 1.9 percent to $1.16 billion from $1.18 billion, negatively impacted by a reported 8.2 percent drop in Golf Equipment sales.
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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 ...
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ArticleTopgolf Callaway maintains FY guidance, Q2 net up 11 percent
Topgolf Callaway’s Q2 results are on-track to reaffirm the groups full year 2023 revenue. President and CEO Chip Brewer has said in a statement he is “Particularly pleased with market share gains in Golf Equipment and the continued strength of Topgolf’s venue business.” Net income and US sales up Net ...
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News briefsCallaway and Jon Rahm sign extension that includes equity stake
Callaway Golf and Spanish pro golfer Jon Rahm have announced a new long-term partnership extension. Rahm, who currently leads the PGA Tour with four wins in 2023, joined Callaway in 2021. The extension includes an “equity position” for Rahm in Topgolf Callaway Brands. Rahm will continue to use Callaway and ...
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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.
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News briefsTravisMathew announces appointments for its European office
Californian sportswear brand TravisMathew, part of Topgolf Callaway Brands, has appointed Matt Freeland as general manager for the EMEA region and Matt Cox as strategic key account manager EMEA. Freeland joined TravisMathew in October. Most recently, he served as commercial director of the sportswear brand Champion. He also previously worked ...
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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 ...
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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 ...
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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 ...
