Topgolf Callaway Brands Full Year 2024 Earnings: EPS Misses Expectations

Topgolf Callaway Brands (NYSE:MODG) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.24b (down 1.1% from FY 2023).
• Net loss: US$1.45b (down from US$95.0m profit in FY 2023).
• US$7.88 loss per share (down from US$0.51 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Topgolf Callaway Brands EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly.

The primary driver behind last 12 months revenue was the Topgolf segment contributing a total revenue of US$1.81b (43% of total revenue). Notably, cost of sales worth US$2.89b amounted to 68% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$1.64b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how MODG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 4.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Topgolf Callaway Brands that you should be aware of.

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