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年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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. 公佈的第一季度收入爲11.4億美元，息稅折舊攤銷前利潤爲1.61億美元，每股收益超出預期，爲0.09美元。
第一季度流動性增加了9400萬美元，這主要是由更好的現金流管理帶動的。
由於市場狀況和貨幣不利因素，將全年收入預期下調了8000萬美元，但將全年每股收益預測提高了0.05美元。
Topgolf的相同場地銷售業績符合預期，支撐了高爾夫設備細分市場的市場份額增長。
通過3月份的債務重新定價，每年節省700萬美元。
該公司以1600萬美元的價格回購了100萬股股票。
第一季度末的淨負債總額爲24億美元，這主要是由於新場館的場地融資增加。
Business Progress:
業務進展：
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.
數字收入滲透率達到35％，62％的訪客通過數字渠道訪問。
跨品牌消費者數據平台已經推出，以增強客戶洞察力並提供定製服務。
Topgolf Callaway Brands推出的新遊戲，旨在提高品牌知名度。
在全國範圍內舉辦了卡拉威俱樂部試衣活動，並推出了俱樂部升級計劃。
新場館已在北卡羅來納州的達勒姆和加利福尼亞州的蒙特貝羅開業，並計劃在2024年再開設七個場館。
儘管市場趨勢緩慢，但在美國市場保持了強勁的表現，並在歐洲獲得了份額。
積極生活方式領域的艱難條件導致第一季度下降，預計將在今年餘下的時間裏持續下滑。
爲歐洲市場分配了新的領導層，以刺激未來的增長。
由於強勁的產品線和計劃於2024年下半年推出的產品，對高爾夫裝備板塊的增長持樂觀態度。
More details: Topgolf Callaway Brands IR
更多詳情： Topgolf 卡拉威品牌投資者關係
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。