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Topgolf Callaway Brands (NYSE: MODG) forecasts FY24 revenue to be between USD 4.435bn and USD 4.475bn

Thu 18 Jul 24, 04:43 AM | Team Kalkine

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Highlights

Topgolf Callaway Brands Corp. (NYSE: MODG), a golf and active lifestyle company, has a market capitalization of USD 2.89bn. Its segments include Golf Equipment, Topgolf, and Active Lifestyle.

From 2019 to 2023, MODG has been achieving significant revenue growth, increasing from USD 1,701.1 million to USD 4,284.8 million. During this period, the company's gross profit also rose from USD 766.8 million to USD 2,654.1 million. This improvement led to an impressive increase in MODG's gross margin, which went from 45.08% in 2019 to 61.94% in 2023, demonstrating enhanced efficiency and profitability over the years.

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