Golf entertainment and gear company Topgolf Callaway (NYSE:MODG) fell short of analysts’ expectations in Q1 CY2024, with revenue down 2% year on year to $1.14 billion. Next quarter’s revenue guidance of $1.19 billion also underwhelmed, coming in 5.1% below analysts’ estimates. It made a non-GAAP profit of $0.09 per share, down from its profit of $0.16 per share in the same quarter last year.
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Topgolf Callaway (MODG) Q1 CY2024 Highlights:
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Revenue: $1.14 billion vs analyst estimates of $1.16 billion (1.1% miss)
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EPS (non-GAAP): $0.09 vs analyst estimates of $0.01 ($0.08 beat)
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Revenue Guidance for Q2 CY2024 is $1.19 billion at the midpoint, below analyst estimates of $1.25 billion
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The company dropped its revenue guidance for the full year from $4.54 billion to $4.46 billion…
