TOPGOLF CALLAWAY BRANDS ANNOUNCES STRONG FIRST QUARTER 2024 RESULTS ...Middle East

HIGHLIGHTS Q1 Revenue of $1.144 billion and Topgolf same venue sales of -7% – both in line with expectations. Net Income of $7 million, Non-GAAP Net Income of $16 million and Adjusted EBITDA of $161 million – all ahead of expectations. Company reaffirmed full year Adjusted EBITDA guidance and increased full year earnings per share and cash generation outlook. Ai Smoke clubs achieved #1 U.S. market share in Driver, Fairway Woods and Irons and the new Chrome Tour golf balls drove record 11% market share in the premium ball category. Successfully completed term loan repricing, repurchased an additional one million shares of common stock and announced plans to pay down $50 million of term loa

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