TOPGOLF CALLAWAY BRANDS Reports Q2 FY2023 Earnings Results
August 18, 2023
🌥️Earnings Overview
TOPGOLF CALLAWAY BRANDS ($NYSE:MODG)’ second quarter of FY2023, ending June 30, 2023, reported total revenue of USD 1179.7 million, representing a 5.7% increase year-over-year. Net income also increased 11.4%, amounting to USD 117.4 million.
Share Price
On Tuesday, TOPGOLF CALLAWAY BRANDS reported its earnings results for the second quarter of FY 2023. The quarter saw the stock open at $18.8 and close at $18.2, representing a 2.9 percent drop in price from the previous day’s closing price of $18.8. Despite the decrease in value, TOPGOLF CALLAWAY BRANDS remains a major player in the golfing industry and looks to be on track for continued success this year and into the future. The company has invested heavily in its brand presence over the last few years, with the launch of a new line of golf equipment and apparel designed to appeal to both experienced and casual players alike. This investment has paid off for TOPGOLF CALLAWAY BRANDS, as evidenced by their strong Q2 earnings results. In addition to their product lineup, they have also invested in their facilities, offering state-of-the-art driving ranges, training areas, and pro shops around the globe.
TOPGOLF CALLAWAY BRANDS has also been focusing on expanding its digital presence, with a host of online content geared towards both professional and recreational players. This includes dedicated social media accounts, video tutorials, and interactive games built to help engage users. On top of that, they have launched a customer loyalty program to reward frequent customers with discounts on golf equipment and merchandise. With its expanding product lineup, improved facilities, and extensive digital presence, it looks like the company is poised for continued success in FY 2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MODG. More…
| Total Revenues | Net Income | Net Margin |
| 4.19k | 108.2 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MODG. More…
| Operations | Investing | Financing |
| -8.8 | -572.8 | 601.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MODG. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.96k | 5.03k | 21.19 |
Key Ratios Snapshot
Some of the financial key ratios for MODG are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 41.5% | 60.8% | 5.6% |
| FCF Margin | ROE | ROA |
| -13.5% | 3.8% | 1.6% |
Analysis
At GoodWhale, we have conducted an analysis of the fundamentals of TOPGOLF CALLAWAY BRANDS. Based on our Risk Rating, the company appears to be a high risk investment in terms of financial and business aspects. We have detected three risk warnings in the income sheet, balance sheet, and cashflow statement. If you would like to get more information on these risk warnings, please register on our website at goodwhale.com. We will provide detailed insight into all the risks associated with an investment in TOPGOLF CALLAWAY BRANDS. More…
Peers
The competition between golf equipment manufacturers Topgolf Callaway Brands Corp and its competitors, Yonex Co Ltd, Vista Outdoor Inc, and Curves Holdings Co Ltd, is fierce. Each company strives to create the best and most innovative products to meet the needs of the modern golfer. As a result, consumers are presented with a wide range of options when it comes to selecting the right golf equipment for their individual game.
– Yonex Co Ltd ($TSE:7906)
Yonex Co Ltd is a Japanese sports equipment manufacturer that specializes in badminton, golf, and tennis equipment. As of 2023, the company had a market cap of 109.37B, indicating it to be one of the largest companies in its sector. The company’s Return on Equity (ROE) stood at 14.05%, which is higher than the industry average. This indicates that Yonex is able to efficiently utilize its assets to generate higher returns for its shareholders.
– Vista Outdoor Inc ($NYSE:VSTO)
Vista Outdoor Inc is a leading global designer, manufacturer, and marketer of consumer products in the outdoor sports and recreation markets. The company offers a broad portfolio of products in the shooting sports, outdoor recreation, outdoor power equipment and lifestyle markets, including ammunition, firearms, outdoor apparel, camping gear, hydration products, binoculars, and more. As of 2023, Vista Outdoor Inc has a market capitalization of 1.48 billion and a return on equity of 25.02%. This indicates that the company has been successful in generating profits from its investments and increasing the value of its shareholders’ investments.
– Curves Holdings Co Ltd ($TSE:7085)
Curves Holdings Co Ltd is a leading provider of health, fitness, and wellness services. As of 2023, the company has a market capitalization of 75.09 billion, reflecting the positive sentiment of investors in the company and its stable growth prospects. Curves Holdings Co Ltd is also showing strong returns on equity at 17.64%, which is a sign of its strong financial performance and potential for future growth. The company’s services include providing health clubs, wellness centers, and corporate wellness programs. They also offer nutritional counseling, personal training, exercise classes, and other related services. The company is committed to helping people achieve their health and fitness goals by providing quality services.
Summary
TOPGOLF CALLAWAY BRANDS reported solid second quarter financial results for FY2023, with total revenue increasing 5.7% year-over-year and net income up 11.4%. This could indicate a promising future outlook for the company, as it appears to be successfully navigating changing market conditions. Investors may consider this stock as an attractive opportunity for potential upside, particularly as the company continues to diversify its product offering and expand geographically. Furthermore, recent acquisitions have helped to bolster revenue growth and profitability, making this an attractive investment option.
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