Earnings Call Summary | Topgolf Callaway Brands(MODG.US) Q1 2024 Earnings Conference
Earnings Call Summary | Topgolf Callaway Brands(MODG.US) Q1 2024 Earnings Conference
The following is a summary of the Topgolf Callaway Brands Corp. (MODG) Q1 2024 Earnings Call Transcript:
以下是Topgolf Callaway Brands Corp.（MODG）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Topgolf Callaway Brands Corp. reported Q1 revenue of $1.14 billion, EBITDA of $161 million and EPS beating expectations at $0.09.
Increased liquidity by $94 million in Q1 primarily led by better cash flow management.
Lowered full-year revenue expectations by $80 million due to market conditions and currency headwinds but increased full-year EPS forecast by $0.05/share.
Same venue sales performance for Topgolf was in line with guidance, supporting the market share gain in the golf equipment segment.
$7 million annual savings achieved through debt repricing in March.
The company repurchased one million shares at a cost of $16 million.
Total net debt at the end of Q1 was $2.4 billion, primarily due to increased venue financing for new venues.
Topgolf Callaway Brands Corp. 公布的第一季度收入为11.4亿美元，息税折旧摊销前利润为1.61亿美元，每股收益超出预期，为0.09美元。
第一季度流动性增加了9400万美元，这主要是由更好的现金流管理带动的。
由于市场状况和货币不利因素，将全年收入预期下调了8000万美元，但将全年每股收益预测提高了0.05美元。
Topgolf的相同场地销售业绩符合预期，支撑了高尔夫设备细分市场的市场份额增长。
通过3月份的债务重新定价，每年节省700万美元。
该公司以1600万美元的价格回购了100万股股票。
第一季度末的净负债总额为24亿美元，这主要是由于新场馆的场地融资增加。
Business Progress:
业务进展：
Digital revenue penetration touched 35%, with 62% of visitors accessing through digital channels.
A cross-brand consumer data platform has been launched to enhance customer insights and offer customization.
New game launched by Topgolf Callaway Brands to foster greater brand awareness.
Nationwide Callaway Club fitting events held and a Club Upgrade program introduced.
New venues have been opened in Durham, North Carolina, and Montebello, California, with plans for seven more in 2024.
Despite slow market trends, maintained a robust performance in the US market and gained share in Europe.
Challenging conditions in the active lifestyle segment led to a decrease in Q1 and are expected to continue for the rest of the year.
New leadership assigned for the European market to stimulate future growth.
Optimistic about growth in the golf equipment segment due to strong product line and planned launches in the second half of 2024.
数字收入渗透率达到35％，62％的访客通过数字渠道访问。
跨品牌消费者数据平台已经推出，以增强客户洞察力并提供定制服务。
Topgolf Callaway Brands推出的新游戏，旨在提高品牌知名度。
在全国范围内举办了卡拉威俱乐部试衣活动，并推出了俱乐部升级计划。
新场馆已在北卡罗来纳州的达勒姆和加利福尼亚州的蒙特贝罗开业，并计划在2024年再开设七个场馆。
尽管市场趋势缓慢，但在美国市场保持了强劲的表现，并在欧洲获得了份额。
积极生活方式领域的艰难条件导致第一季度下降，预计将在今年余下的时间里持续下滑。
为欧洲市场分配了新的领导层，以刺激未来的增长。
由于强劲的产品线和计划于2024年下半年推出的产品，对高尔夫装备板块的增长持乐观态度。
More details: Topgolf Callaway Brands IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。