Topgolf Callaway Brands Reports Strong Q1 2024 Earnings with Positive Outlook
Thursday, 9 May 2024, 02:45
Financial Performance Overview
Topgolf Callaway Brands (NYSE: MODG) reported a revenue of $1.14 billion for Q1 2024, meeting guidance expectations.
Revenue Adjustments
- Revenue adjusted by $80 million due to market conditions and currency impacts.
Earnings Forecast
- Confident in full-year EBITDA forecast amid operational efficiencies and growth initiatives.
Key Focus Areas
- Driving same venue sales growth through digital, experience, and value initiatives.
- Expecting positive sales growth in the second half of 2024.
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