Why Topgolf Callaway Stock Was Slumping This Week [Yahoo! Finance]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Yahoo! Finance
data compiled by S&P Global Market Intelligence , as of late Thursday, the golfing specialist's stock was down by almost 13% week to date. News of an uninspiring quarter for the company was the driving factor in the decline. Topgolf unveiled its third-quarter results just after market close on Tuesday. Revenue for the period was slightly over $1.01 billion, a figure that was down 3% on a year-over-year basis. On the bright side, it topped management's expectations and the consensus analyst estimate (albeit slightly), according to data compiled by Zack's. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » These dynamics were more pronounced on the bottom line, where Topgolf suffered a queasy 88% decline in adjusted net income. This landed at $4.3 million ($0.02 per share), against the year-ago quarter's nearly $36 million profit. Yet the former topped the average pundit projection for an adjusted loss of $0.18 per share.
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News
- Topgolf To Open One of Its Largest Venues Yet in Burlingame On Dec. 13 [Yahoo! Finance]Yahoo! Finance
- Topgolf To Open One of Its Largest Venues Yet in Burlingame On Dec. 13PR Newswire
- Topgolf Adds Avon to its 2025 Lineup of Venue Openings [Yahoo! Finance]Yahoo! Finance
- Topgolf Adds Avon to its 2025 Lineup of Venue OpeningsPR Newswire
- 10 Cyber Monday golf deals with up to 43% off Callaway, Titleist, TaylorMade and more. [USA TODAY]USA TODAY
MODG
Earnings
- 11/12/24 - Beat
MODG
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 10/31/24 - Form SC
- MODG's page on the SEC website