Topgolf Callaway Brands Corp. (MODG) Income Statement Analysis

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Complete financial analysis of Topgolf Callaway Brands Corp. (MODG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Topgolf Callaway Brands Corp., a leading company in the Leisure industry within the Consumer Cyclical sector.

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Topgolf Callaway Brands Corp. (MODG)

Industry: Leisure

Sector: Consumer Cyclical

Website: https://www.callawaygolf.com

About Topgolf Callaway Brands Corp.

Topgolf Callaway Brands Corp. designs, manufactures, and sells golf equipment, golf and lifestyle apparel, and other accessories. It operates through three segments: Topgolf; Golf Equipment; and Apparel, Gear and Other. The Topgolf segment operates Topgolf venues equipped with technology-enabled hitting bays, multiple bars, dining areas, and event spaces, as well as Toptracer ball-flight tracking technology; and World Golf Tour digital golf game. The Golf Equipment segment provides drivers, fairway woods, hybrids, irons, wedges and packaged sets, putters, and pre-owned golf clubs under the Callaway and Odyssey brands, as well as golf balls under the Callaway Golf and Strata brands. The Apparel, Gear and Other segment offers golf apparel and footwear; golf accessories, including golf bags, golf gloves, headwear, and practice aids under the Callaway brand; and golf and lifestyle apparel, hats, luggage and accessories, footwear, belts, facemasks, sunglasses, socks, and underwear under the TravisMathew brand. This segment also provides storage gear for sport and personal use, such as backpacks; travel, duffel, and golf bags; and storage gear accessories, as well as outerwear, headwear, and accessories under the OGIO brand. In addition, it offers outdoor apparel comprising jackets, trousers, dresses, skirts, and tops; and footwear and outdoor equipment, including packs and bags, travel bags, tents, sleeping bags, and accessories under the Jack Wolfskin brand. The company sells its products through golf retailers, sporting goods retailers, on-line retailers, mass merchants, department stores, third-party distributors, and mail order stores, as well as through its websites in the United States and approximately 120 countries. The company was formerly known as Callaway Golf Company and changed its name to Topgolf Callaway Brands Corp. in September 2022. Topgolf Callaway Brands Corp. was incorporated in 1982 and is headquartered in Carlsbad, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990
Revenue	4.28B	4.00B	3.13B	1.59B	1.70B	1.24B	1.05B	871.19M	843.79M	886.95M	842.80M	832.01M	886.53M	967.66M	950.80M	1.12B	1.12B	1.02B	998.09M	934.56M	814.03M	792.06M	816.16M	837.63M	714.50M	697.60M	842.90M	678.50M	553.30M	448.70M	254.60M	132.10M	54.80M	21.50M
Cost of Revenue	1.64B	1.58B	1.27B	931.88M	934.28M	664.47M	568.29M	486.18M	486.16M	529.02M	528.04M	585.07M	575.23M	602.16M	607.04M	630.37M	631.37M	619.83M	583.68M	575.74M	445.42M	393.07M	411.59M	399.87M	336.50M	365.70M	380.70M	304.70M	259.30M	202.70M	112.50M	61.70M	25.60M	11.60M
Gross Profit	2.65B	2.41B	1.86B	657.59M	766.79M	578.37M	480.45M	385.01M	357.63M	357.93M	314.76M	246.94M	311.30M	365.50M	343.76M	486.83M	493.22M	398.08M	414.41M	358.82M	368.62M	399.00M	404.58M	437.76M	378.00M	331.90M	462.20M	373.80M	294.00M	246.00M	142.10M	70.40M	29.20M	9.90M
Gross Profit Ratio	61.75%	60.34%	59.47%	41.37%	45.08%	46.54%	45.81%	44.19%	42.38%	40.35%	37.35%	29.68%	35.11%	37.77%	36.16%	43.58%	43.86%	39.11%	41.52%	38.39%	45.28%	50.37%	49.57%	52.26%	52.90%	47.58%	54.83%	55.09%	53.14%	54.83%	55.81%	53.29%	53.28%	46.05%
Research & Development	101.60M	76.40M	68.00M	46.30M	50.58M	40.75M	36.57M	33.32M	33.21M	31.29M	30.94M	29.54M	34.31M	36.38M	32.21M	29.37M	32.02M	26.79M	26.99M	30.56M	29.53M	32.18M	32.70M	34.58M	34.00M	36.80M	30.30M	16.20M	0.00	6.40M	0.00	0.00	0.00	0.00
General & Administrative	942.20M	2.05B	1.58B	150.72M	145.30M	100.47M	94.15M	71.97M	68.57M	61.66M	68.09M	66.55M	92.76M	90.88M	81.49M	85.47M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	120.30M	-1.08B	108.40M	391.82M	438.24M	308.71M	270.89M	235.56M	228.91M	234.23M	226.50M	267.58M	265.33M	257.29M	260.60M	287.80M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.04B	970.60M	1.58B	542.53M	583.54M	409.18M	365.04M	307.53M	297.48M	295.89M	294.58M	334.13M	358.08M	348.17M	342.08M	373.28M	371.02M	334.24M	370.22M	352.97M	273.23M	256.73M	259.36M	240.87M	224.40M	245.00M	191.30M	155.20M	128.80M	106.90M	70.80M	36.40M	17.80M	7.80M
Other Expenses	0.00	1.11B	9.38M	-21.96M	-36.90M	2.83M	-10.78M	-3.44M	-6.88M	-9.11M	-2.56M	-1.81M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	40.25M	39.90M	35.90M	19.40M	12.70M	10.80M	6.20M	3.00M	1.30M	600.00K	300.00K
Operating Expenses	2.42B	2.15B	1.66B	588.83M	634.12M	449.93M	401.61M	340.84M	330.69M	327.18M	325.52M	363.67M	392.39M	384.55M	374.30M	402.65M	403.04M	361.02M	397.21M	383.52M	302.76M	288.92M	292.06M	315.70M	298.30M	317.70M	241.00M	184.10M	139.60M	119.50M	73.80M	37.70M	18.40M	8.10M
Cost & Expenses	4.05B	3.74B	2.93B	1.52B	1.57B	1.11B	969.90M	827.02M	816.85M	856.20M	853.56M	948.74M	967.62M	986.71M	981.33M	1.03B	1.03B	980.85M	980.89M	959.27M	748.18M	681.98M	703.65M	715.57M	634.80M	683.40M	621.70M	488.80M	398.90M	322.20M	186.30M	99.40M	44.00M	19.70M
Interest Income	0.00	142.80M	635.00K	492.00K	807.00K	594.00K	454.00K	621.00K	388.00K	438.00K	558.00K	550.00K	546.00K	2.89M	2.69M	1.86M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	210.20M	142.80M	115.57M	47.42M	39.30M	5.54M	4.37M	2.37M	8.73M	9.50M	9.12M	5.51M	1.62M	848.00K	1.75M	4.67M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	239.70M	192.80M	235.77M	72.24M	65.84M	19.95M	17.61M	16.59M	17.38M	21.24M	25.54M	34.41M	38.64M	40.95M	40.75M	37.96M	35.33M	32.27M	38.26M	51.15M	44.50M	37.64M	37.47M	40.25M	39.90M	35.90M	19.40M	12.70M	10.80M	6.20M	3.00M	1.30M	600.00K	300.00K
EBITDA	489.10M	455.10M	707.45M	-5.69M	169.21M	152.05M	96.44M	60.75M	44.32M	51.98M	21.34M	-78.12M	-50.01M	6.24M	12.90M	143.94M	125.51M	69.33M	55.47M	26.45M	110.35M	147.72M	149.98M	162.30M	119.61M	49.98M	240.60M	202.40M	165.20M	132.70M	71.30M	34.00M	11.40M	2.10M
EBITDA Ratio	11.41%	11.95%	3.45%	17.78%	9.85%	11.94%	9.20%	4.95%	5.25%	5.86%	1.75%	-9.89%	-3.75%	3.97%	1.07%	11.18%	11.05%	6.61%	5.69%	2.83%	13.56%	18.65%	20.82%	19.38%	16.71%	14.39%	29.42%	28.98%	29.13%	28.93%	27.53%	25.36%	20.44%	8.84%
Operating Income	237.70M	256.80M	-47.82M	243.02M	132.67M	128.44M	78.84M	44.17M	26.94M	30.75M	-10.76M	-116.73M	-81.09M	-26.60M	-30.53M	84.19M	90.18M	37.06M	17.21M	-24.70M	65.86M	110.08M	112.52M	122.06M	79.70M	14.20M	221.20M	189.70M	154.40M	126.50M	68.30M	32.70M	10.80M	1.80M
Operating Income Ratio	5.55%	6.43%	-1.53%	15.29%	7.80%	10.33%	7.52%	5.07%	3.19%	3.47%	-1.28%	-14.03%	-9.15%	-2.75%	-3.21%	7.54%	8.02%	3.64%	1.72%	-2.64%	8.09%	13.90%	13.79%	14.57%	11.15%	2.04%	26.24%	27.96%	27.91%	28.19%	26.83%	24.75%	19.71%	8.37%
Total Other Income/Expenses	-202.90M	-114.90M	145.94M	-21.98M	-36.90M	2.83M	-10.78M	14.23M	-6.88M	-9.11M	-2.56M	-18.21M	-9.17M	-8.96M	931.00K	17.12M	-1.91M	-2.06M	-2.67M	989.00K	2.03M	1.59M	-14.33M	7.27M	5.80M	-53.00M	-7.40M	5.90M	4.00M	2.90M	1.30M	500.00K	0.00	300.00K
Income Before Tax	34.80M	141.90M	350.64M	-127.48M	95.77M	131.27M	68.06M	58.39M	20.06M	21.64M	-13.32M	-118.54M	-90.26M	-35.56M	-29.60M	101.31M	88.28M	35.00M	14.54M	-23.71M	67.88M	111.67M	98.19M	129.32M	85.50M	-39.00M	213.80M	195.60M	158.40M	129.40M	69.60M	33.20M	10.80M	2.10M
Income Before Tax Ratio	0.81%	3.55%	11.19%	-8.02%	5.63%	10.56%	6.49%	6.70%	2.38%	2.44%	-1.58%	-14.25%	-10.18%	-3.68%	-3.11%	9.07%	7.85%	3.44%	1.46%	-2.54%	8.34%	14.10%	12.03%	15.44%	11.97%	-5.59%	25.36%	28.83%	28.63%	28.84%	27.34%	25.13%	19.71%	9.77%
Income Tax Expense	-60.20M	-16.00M	28.65M	-544.00K	16.54M	26.02M	26.39M	-132.56M	5.50M	5.63M	5.60M	5.66M	81.56M	-16.76M	-14.34M	35.13M	33.69M	11.71M	1.25M	-13.61M	22.36M	42.23M	39.82M	47.37M	30.20M	-12.40M	81.10M	73.30M	60.70M	51.40M	28.40M	13.90M	4.40M	300.00K
Net Income	95.00M	157.90M	322.00M	-126.93M	79.41M	104.74M	40.81M	189.90M	14.57M	16.01M	-18.92M	-124.20M	-171.82M	-18.80M	-15.26M	66.18M	54.59M	23.29M	13.28M	-10.10M	45.52M	69.45M	58.38M	81.00M	55.30M	-26.60M	132.70M	122.30M	97.70M	78.00M	42.90M	19.30M	6.40M	1.80M
Net Income Ratio	2.22%	3.95%	10.28%	-7.99%	4.67%	8.43%	3.89%	21.80%	1.73%	1.80%	-2.25%	-14.93%	-19.38%	-1.94%	-1.60%	5.92%	4.85%	2.29%	1.33%	-1.08%	5.59%	8.77%	7.15%	9.67%	7.74%	-3.81%	15.74%	18.03%	17.66%	17.38%	16.85%	14.61%	11.68%	8.37%
EPS	0.51	0.85	1.90	-1.35	0.84	1.11	0.43	2.02	0.18	0.21	-0.26	-1.85	-2.66	-0.29	-0.24	1.05	0.82	0.34	0.19	-0.15	0.69	1.04	0.84	1.16	0.79	-0.38	1.94	1.83	1.47	1.15	0.63	0.34	0.11	0.01
EPS Diluted	0.47	0.78	1.82	-1.35	0.82	1.08	0.42	1.98	0.17	0.20	-0.26	-1.85	-2.66	-0.29	-0.24	1.04	0.81	0.34	0.19	-0.15	0.68	1.03	0.82	1.13	0.78	-0.38	1.85	1.73	1.40	1.15	0.63	0.34	0.11	0.01
Weighted Avg Shares Out	185.00M	184.90M	169.10M	94.20M	94.25M	94.58M	94.33M	94.05M	83.12M	77.56M	71.78M	67.04M	64.60M	63.90M	63.18M	63.06M	66.37M	67.73M	68.65M	67.72M	66.03M	66.52M	69.81M	69.83M	70.03M	69.46M	68.40M	66.83M	66.46M	68.10M	67.59M	56.46M	55.75M	360.00M
Weighted Avg Shares Out (Dil)	201.10M	201.30M	176.93M	94.20M	96.29M	97.15M	96.58M	95.85M	84.61M	78.39M	72.81M	67.06M	64.60M	63.90M	63.18M	63.80M	67.48M	68.50M	69.24M	67.72M	66.47M	67.27M	71.31M	71.68M	70.93M	69.46M	71.73M	70.69M	69.79M	68.10M	67.59M	56.46M	55.75M	360.00M

Topgolf Callaway Slices, Announces Spinoff

September 5, 2024schaeffersresearch.com

Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses.

Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger

September 5, 2024investopedia.com

Shares of Topgolf Callaway Brands (MODG) rose about 5% in premarket trading Thursday, a day after announcing plans to split back into two separate companies just three years after their merger was completed.

Topgolf Callaway wants to split up after a little more than three years. Here's what could complicate the breakup.

September 4, 2024marketwatch.com

After some three-and-a-half years together, Topgolf — a driving-range and entertainment chain — and Callaway, a maker of golf clubs and golf balls, could soon find themselves on their own.

TOPGOLF CALLAWAY BRANDS ANNOUNCES INTENT TO SEPARATE INTO TWO INDEPENDENT COMPANIES

September 4, 2024prnewswire.com

Separation Will Create a Leading Golf Equipment and Active Lifestyle Company with Strong Free Cash Flow and the Category Leading, High-Growth, Pure-Play Venue-Based Golf Entertainment Business Both Businesses Will Have Strong Balance Sheets, Positive Free Cash Flow and the Required...

Topgolf Greensboro Opens Its Doors Friday, Sept. 13

August 29, 2024prnewswire.com

The two-level venue will be located along I-40 at Guilford College Road DALLAS , Aug. 29, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open Topgolf Greensboro on Friday, Sept. 13. This is the fourth Topgolf venue in North Carolina including...

I Love TopGolf, but Here Are 3 Reasons I Will Never Buy The Stock

August 28, 2024247wallst.com

August has been a month to forget for Topgolf Callaway Brands (NYSE:MODG), whose share price has lost 32% through Aug.

Top 3 Consumer Stocks That Are Set To Fly This Month

August 23, 2024benzinga.com

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.

First Topgolf in Iowa Opens Its Doors in Des Moines on Friday, Sept. 6

August 22, 2024prnewswire.com

The two-level venue sits within The Parkways development in West Des Moines DALLAS , Aug. 22, 2024 /PRNewswire/ -- Modern golf entertainment leader Topgolf announced today it will open its first venue in Iowa, Topgolf Des Moines, on Sept. 6. This...

Topgolf Callaway Brands Corp.: Rating Downgrade On Poor SVS Performance

August 20, 2024seekingalpha.com

I revised my rating from buy to sell. I now have very little confidence in SVS growth given the weak discretionary spending environment, and poor results from initiatives implemented. MODG's 2Q24 performance showed a significant deceleration in SVS growth.

Topgolf Callaway Likely To Spin-Off Topgolf Business

August 14, 2024forbes.com

On August 7, 2024, Topgolf Callaway Brands Corp. (NYSE: MODG, $11.73, Market Capitalization: $2.2 billion), a prominent player in golf equipment and entertainment, announced that it is conducting a formal strategic review of its businesses, wherein the management is exploring...

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Source: https://incomestatements.info
Category: Stock Reports

Topgolf Callaway Brands Corp. (MODG) Income Statement Analysis – Financial Results

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