Topgolf Callaway Brands Corp. (MODG) Tops Q4 EPS by 5c, Offers Guidance
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TOPGOLF CALLAWAY BRANDS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 RESULTS
February 24, 2025 4:15 PM ESTHIGHLIGHTS
Q4 consolidated Net Revenue growth of 3% and strong Adjusted EBITDA growth both outperformed guidance.Total Company operating cash flow increased 5% to $382 million and Adjusted Free Cash Flow increased 27% to $203 million.Topgolf's same venue sales, Adjusted EBITDA, Adjusted Free Cash Flow and venue margins all exceeded expectations in Q4.In 2024 the Callaway brand maintained its #1 position in U.S. market share in total golf clubs for the third consecutive year - and 9th time in the last 10 years - and... More