Are the people drawn to the social nature of Topgolf really likely to consistently play 18 at the local club? organisation Remaining privately-owned during those two decades, the company built locations in every region of the country. You really have to think about how well-positioned Topgolf is in this environment, Brewer said. Topgolf is continuing on its expansion plans in major American cities, as well expanding into Australia, Mexico and Canada through licensing deals. It expects that to grow to $3.2 billion by 2022 and at a 10% rate after that. Holding all other assumptions constant, Topgolf could be worth $17.9 billion and $95.91 per share if Callaway can effectively expand internationally. Martins is a long-time sports executive who first started with the Magic in 1989. 2 National Golf Foundation, August Rounds Play, Published September 2020 No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. Source: Created by Author with data from Yahoo Finance. More About TEG , Highly Complementary Businesses with Reach Across the Entire $80 Billion Global Golf Industry, Compelling Family of Brands Well Positioned to Capitalize on Outdoor Consumer Trends, Combined Businesses Create Clear Line of Sight to More Than $1 Billion of Adjusted EBITDAS, Callaway Announces Record Preliminary Results for the Third Quarter 2020. About 75 percent of non-golfers who go to Topgolf say they are interested in extending to an actual golf course, which is hugely important. 2023 Leaders Group. While the questions persist, for now, both sides are bullish on the future. You can read the full Callaway & Topgolf investor presentation here. I am incredibly bullish on it, said Jeff Price, chief commercial officer for the PGA of America. Maintaining our same EBITDA multiple range of 8.20x to 12.75x, the Topgolf business could be worth up to $4.3 billion in total value and $23.02 per share by 2025. Read More Headquarters 8750 N Central Expy Ste 1200, Dallas, Texas, 75231, United States Phone Number (214) 377-0615 Website www.topgolf.com Revenue $1B Industry The employee data is based on information from people who have self-reported their past or current employments at Topgolf. Athletic's got you covered. Information regarding Callaways directors and executive officers is contained in Callaways Annual Report on Form 10-K for the year ended December 31, 2019 and its Revised Definitive Proxy Statement on Schedule 14A, dated March 27, 2020, which are filed with the SEC and can be obtained free of charge from the sources indicated above. commentary and analysis you can trust. On top of the golf experience, Topgolf customers can order food and beverage which is then brought out to them at tables and outdoor furniture located just behind the bays, which are usually situated on three stacked levels. Just for fun, lets look at a potential valuation if management lives up to their expectation of 450 total venues worldwide over the next 20 years. It's a driving range where players of all skill levels can hit balls, each with an RFID chip in them, to different targets up and down the range. However, once completed, management estimates that on average a typical venue generates $17 million in annual revenue and $5 million in adjusted EBITDA. Topgolfs chairman, Erik Anderson, will take a spot on Callaways board of directors as vice chairman, joined by two other Topgolf directors. Topgolf International's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. Others see Topgolfs fast growth and fully expect the company to eventually become public. During today's conversation IEG's Vice President of Strategy and Churchill Downs Vice President of Marketing, Brand and Partnerships Casey Ramage give us some insight on their analytical approach to sponsorship strategy. In addition, these preliminary estimates are not necessarily indicative of the results to be achieved in any future period. The combined company will also benefit from a strong financial profile, including: Topgolf is in the early stages of its growth with more than ten years of planned unit growth opportunity in its U.S. venues business and just 2% addressable market penetration in international venues and 1% in the Toptracer Range business. Please. We are not nave to say we would never look at it. The data presented on this page does not represent the view of Topgolf and its employees or that of Zippia. The demographics making up Topgolfs customer base is exactly where Callaway is lacking. With the completion of the 9 new venues in 2021, Topgolf will have 70 venues operating for the entirety of 2022. analyse how our Sites are used. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. But, it's one of us humans writing the story, we promise. Apart from Callaways previous 14% share in the golf-entertainment business, Topgolf also had major ownership stakes from Providence Equity Partners, WestRiver Group and Dundon Capital Partners, the Dallas-based investment arm of Carolina Hurricanes owner Tom Dundon. They need to be smart in how they reach and connect with those people.. Any time you have a business that requires that kind of capital investment and real estate, you have to be creative in what is the model for capital maintenance, Hirshland said. This exercise shows the true value that Topgolf alone can provide to shareholders, therefore this potential should be reflected more in the current stock price. Diluted earnings (loss) per share:. (1) Represents amortization expense of intangible assets from the acquisitions of OGIO, TravisMathew and Jack Wolfskin. Stay informed and spot emerging risks and opportunities with independent global reporting, expert The company asked the city for $2.6 million in Its not exactly clear yet, but id expect more of the same. Callaways existing shareholders will own about 51.5% of the combined firm, with the remaining 48.5% going to Topgolfs own investors. Callaway, Topgolf, and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Callaway in connection with the proposed transaction. Topgolfs ball-tracing technology is seen on televised golf broadcasts and its mobile golf game, World Golf Tour, boasts 28 million members. Looking for a great beer for Sunday through Thursday nights? Management uses such non-GAAP information for financial and operational decision-making purposes and as a means to evaluate period-over-period comparisons and in forecasting the Company's business going forward. WebAbout Topgolf Entertainment Group Topgolf Entertainment Group is a technology-enabled global sports and entertainment community that connects people in meaningful ways Callaways reach in the golf world also gives Topgolf an inside track on selling its ball-tracing technology to courses and driving ranges, Berle said. Both companies are well positioned to take advantage of both short- and long-term changes in consumer behavior as a result of the pandemic. Dont sacrifice your ability to be healthy, active, and at your best to enjoy a great beer - Athletic Brewing has created an innovative lineup of refreshing, non-alcoholic craft beers. This would provide Callaway with a 7x return on the initial acquisition price and a 10.13% CAGR. You are seeing the growth and they will need capital to continue to grow the footprint.. Management believes that the presentation of such non-GAAP information, when considered in conjunction with the most directly comparable GAAP information, provides additional useful comparative information for investors in their assessment of the underlying performance of the Company's business with regard to these items. Morgan Stanley & Co. LLC and J.P. Morgan served as financial advisors and Weil, Gotshal & Manges LLP served as legal counsel to Topgolf. I/we have a beneficial long position in the shares of ELY either through stock ownership, options, or other derivatives. It was a Tuesday and it was packed, Whan remembers. Dallas-based Topgolf Entertainment Group is merging with publicly traded golf brand Callaway in an all-stock transaction that values the golf entertainment business at $2 billion. Topgolf charges ~$160 per bay per month or $2,00 annually, Currently active in 7,500 bays worldwide, bringing in $15M in annual revenue. Check out how Callaways annual revenue has responded (Source): Which brings me to my next point Callaway is doubling down on diversification. We are excited to support their continued growth as a united company., Financial Benefits and Transaction Structure. LPGA Commissioner Michael Whan had made it a point to stop by one of Topgolfs driving range-meets-entertainment venues in Dallas one evening during the week of the NCAA Final Four tournament in 2014. Callaway & Topgolf: Breaking Down The $2 Billion Deal, Ryan Smith has purchased a majority stake in the Utah Jazz, valuing the team at $1.6 billion. All rights reserved. Subscribe to receive our press releases via email: Topgolf Kicking Off 2023 with Opening of Charleston Venue, Pro forma revenue of approximately $2.8 billion based on fiscal year 2019 results that is expected to grow to approximately $3.2 billion by 2022 and at approximately 10% per year in the years following, Pro forma adjusted EBITDAS of $270 million based on fiscal year 2019 results that is expected to grow to approximately $360 million by 2022 and at mid-to-high teens per year in the years following. Averaging out these 2 years resulted in an EBITDA range of 8.20x to 11.65x. Topgolf has done a wonderful job of running its business and creating an experience that is putting golf clubs in peoples hands.. As a result, investors should exercise caution in relying on this information and should not draw any inferences from this information regarding financial or operating data not provided. Upgrade your subscription to get all the news you need: Adding SBJ weekly content will give you the comprehensive view of sports business with: Adding SBJ daily content will give you the comprehensive view of sports business with: Topgolfs future will be based on its ability to continue to scale and attract repeat visitors. Topgolf will continue to operate from its headquarters in Dallas, Texas. In a statement, the House Ways and Means chair explained The challenge is balancing Topgolfs position as a young, hip, social scene geared to drinking, eating and meeting people with the golf groups interest in growing the game. The foregoing list is not exhaustive. You may change or cancel your subscription or trial at any time online. (760) 931-1771 A long-term forecast of each of these line items is not available without unreasonable efforts due to the variability of these items and the inability to predict them with certainty. More than half of Topgolfs customers identify themselves as non-golfers, giving Callaway early exposure to potential golfers. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Non-recurring costs and non-cash charges, before taxes (1). To supplement the GAAP results, the Company has provided certain non-GAAP financial information as follows: EBITDAS. For more information please visit www.callawaygolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com. The majority of Topgolfs revenue comes from physical locations, but they also have a growing technology business, which Callaway envisions being a significant source of revenue in the future. Along with the announcement, Callaway released a 30-page presentation giving rare insight into Topgolfs existing ownership structure, financials, and projections. According to Topgolf, the new facility will cost nearly $40 million and will create 325 full-time and part-time jobs. Whats the bid for this rarest of Bugattis? Getting good locations is hard, training is hard and we compete against all forms of entertainment, Anderson said. Non-fiction for kids: big books for little people are great news for publishers. We dont rule it out, Anderson said of the possibility of going public. 4 Based on 2022 projections All rights reserved. Topgolf is a global sports entertainment community headquartered in Dallas, Texas with locations in the United States, United Kingdom, and Australia. There are currently 58 Topgolf locations, 53 in the United States, 3 in the United Kingdom, and one in Australia. Cost of opening one TopGolf franchise is around Us $18 million. On Tuesday, Callaway announced a definitive merger agreement which would see the Golf giant digest the remaining 86% of Topgolf they didnt already own at a ~$2 billion valuation. Although there were numerous assumptions and multiples involved in this research, I hope it was able to demonstrate the growth and valuation potential that Topgolf can reach as it expands to a global golf entertainment company. Post-merger, Callaway projects Toptracer to be a $200M business within ~10 years. cookies At Topgolf, you pay for time at a bay, which you should typically reserve well in advance of your visit if it's a weekend. Keep abreast of significant corporate, financial and political developments around the world. Such forward-looking statements include, but are not limited to, statements about the benefits of the business combination transaction involving Callaway and Topgolf, including the anticipated operations, financial position, liquidity, performance, prospects or growth and scale opportunities of Callaway, Topgolf or the combined company, the strategies, prospects, plans, expectations or objectives of management of Callaway or Topgolf for future operations of the combined company, any statements regarding the approval and closing of the merger, including the need for stockholder approval and the satisfaction of closing conditions, and statements of belief and any statement of assumptions underlying any of the foregoing. Topgolf currently has 28 open locations in the United States, with another dozen opening soon all over the place. Callaway has invested in Topgolf twice already, in 2006 and 2018, amounting to an existing ownership stake of about 14%. We use the Golf News Net byline sometimes just to change things up. See more in GNN's affiliate disclosure. GNN may earn a commission from sales generated by those links. With such dizzying expansion, its no surprise that the PGA Tour, PGA of America and LPGA have promotional partnerships with the company in an attempt to convert the hordes of casual and non-golfers who are flocking to Topgolf over to traditional golf. With the deal, Callaway shareholders will own a 51.5% stake in the company with the rest owned by Topgolfs investors. I am not receiving compensation for it (other than from Seeking Alpha). I never would have envisioned that it has become as popular as it is.. In addition, the Company has included in the schedules to this release a reconciliation of non-GAAP information to the most directly comparable GAAP information. WebView Nutritional Information Versatile and all-weather venue Our flexible private party and event spaces can accommodate anywhere from seven of your best buddies to 1,000 of your companys employees. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Become a business insider. It is time and circumstance specific.. While the company is expanding, it lacks a large presence in the Northeast and in Southern California, with no current facilities in Los Angeles or San Diego. Get the latest business insights from Dun & Bradstreet. As part of Callaway, we plan to grow our leadership position by leveraging Callaways brand reputation, industry relationships and financial strength to connect more communities around the world to the Topgolf experience.. 12+ Lunar New Year food events and specials at D-FW restaurants, French bistro La Parisienne to open at The Star in Frisco, New Chick-fil-A opens in downtown Dallas this week, La Casita has become one of the biggest bakeries in D-FW, and its just getting started, New legislative push begins to end Confederate Heroes Day as an official Texas holiday, Dallas Cowboys signing kicker Tristan Vizcaino to practice squad, Dallas ranked among the most congested cities in the U.S. as work from home is phased out, Tax relief, border security, state worker pay raises among Texas Houses top wishes, The Dallas Morning News 2022 All-area teams, football awards and more, Prime Prosper corner just north of Universals future Frisco theme park hits the market, 5 things to know about Brett Maher, Cowboys kicking situation, New Frisco shopping center is moving ahead with developer funding. Heres a good look at the economics of an average Topgolf location: In addition to unique physical locations, which currently drive almost all of Topgolfs $1.1 billion in annual revenue, Topgolf is also building out a significant technology component of their business. WebFounded in 2000, Topgolf is a sports entertainment facility that features hitting bays, a restaurant, and a bar. Surely that should humble us a bit?, Butts the changing shape of beauty standards, The long shadow of Iraq and its lessons today. It is introducing millions of people to the sport, the LPGAs Whan said of Topgolfs impact on the sport. Any environment where individuals are swinging golf clubs is terrific, said Sarah Hirshland, senior managing director of business affairs for the USGA, which last year partnered with Topgolf to hold U.S. Open watch parties at all Topgolf venues. In their Q3 earnings call, Callaway projected 2021 revenue and EBITDA from Topgolf will be $1.06 billion and $158 million; this provides an EBITDA margin of 14.91%. You have to continue to reinvest in the experience.. WebFind company research, competitor information, contact details & financial data for Topgolf International, Inc. of Dallas, TX. We are the subject of inquiries from the capital market world and our investors would look at it as a way to grow the company and get liquidity. The number of shares to be issued is based upon an implied equity value of Topgolf of approximately $2 billion, including the 14% already owned by Callaway. None of the information on this page has been provided or approved by Topgolf. By I wrote this article myself, and it expresses my own opinions. I have 3 previous internship experiences in investment management equity research and I have been investing personally since 12 years old. 108 total venues for the full year in 2025 leads to projected revenue of $2.3 billion and $336 million of EBITDA. personalising content and ads, providing social media features and to All rights reserved.The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Leaders Group. Additionally, management believes there is opportunity for 450 venues worldwide so I would expect new venue openings to modestly ramp up in the future to an estimate of 108 by 2025. MEMBERSHIP TERMS: If you choose a Lifetime Membership, you will pay a one-time charge of $5.00 where applicable, and you will be subject to the Terms and Conditions contained in this Agreement. Secondly, can Topgolf look up your membership? This valuation projection assumes that Callaway commits to and has the free cash flow available to invest in the future growth of Topgolf venues. Attention spans scatter. See insights on TopGolf including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Call 1-800-GAMBLER (NJ/WV/PA/IL) or 1-800-9-WITH-IT (IN only) or 1-800-BETS-OFF (IA only) or 1-800-522-4700 (CO Only) or TN REDLINE: 800-889-9789. At Topgolf, you pay for time at a bay, which you should typically reserve well in advance of your visit if it's a weekend. invrelations@callawaygolf.com, For Topgolf: All of us are looking forward to building new experiences, reaching new audiences and solidifying our digital infrastructure as we connect communities around the globe., In addition to Callaway, the current Topgolf ownership includes Providence Equity Partners, WestRiver Group and Dundon Capital Partners, which added: This is a natural combination that brings together two complementary businesses at the center of one of the most dynamic sports and entertainment experiences available today. This suggests that based on the current industry multiples and Topgolfs performance coming out of COVID, Callaway did not drastically overpay in the merger when you look towards the higher range of the valuation. The expansion is boosting the number of Topgolf customers, but Anderson declined to comment on the specific customer return rate. Their CEOs explain the strat Its whether the locations they are building are consistent so that there is a reason for people to come back more than once.. The replay may be accessed through the Internet at this link. Topgolf)., You can read the full Callaway & Topgolf investor presentation, use JOE25 for 25% off your first order at. Calloway's stock is at the same price as it was in 1998. Itll be fun to see how creative Callaway gets in an attempt to funnel recreational driving range visitors into legitimate customers for their existing brand. Using management guidance, modest growth assumptions, and industry EBITDA multiples, the Topgolf business could be worth up to $4.3 billion by 2025. Thats a goal of golf governing bodies, who already have instituted youth development programs aimed at attracting more young golfers to the game. Topgolf is responsive to how they activate in each of their markets, Seymour said. Upon completion of the merger, Callaway shareholders will own approximately 51.5% and Topgolf shareholders (excluding Callaway) will own approximately 48.5% of the combined company on a fully diluted basis. Upon arriving, he was immediately taken aback. Topgolf has been growing like crazy the last several years, with the Dallas-based company adding locations around the country. Despite the US population increasing from 298M to 331M from 2006 to 2020an 11% increasethe number of golf participants in the United States hasnt followed suit, seeing a decline of about 20% during the same time period. So far, the companys success has been based on its reputation for innovation in a fun environment. (3) Represents non-recurring costs associated with the Company's transition to its new North America Distribution Center, implementation of new IT systems for Jack Wolfskin, and $0.7 million of severance related to the Company's cost reduction initiatives. 48.5 % going to Topgolfs own investors significant corporate, financial Benefits and Structure! Financials, executives, subsidiaries and more at Craft golfers to the nature... Their continued growth as a United company., financial Benefits and Transaction Structure in investment management equity research and have! 325 full-time and part-time jobs over the place popular as it is millions! Provide Callaway with a 7x return on the specific customer return topgolf annual revenue per location a bar from sales generated those. You can read the full year in 2025 leads to projected revenue of $ 2.3 billion and 336... 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Represent the view of Topgolf and its employees or that of Zippia of opening Topgolf... Has become as popular as it is introducing millions of people to the social nature Topgolf! Said of the country one of us humans writing the story, we promise great for... Persist, for now, both sides are bullish on the initial price... Have to think about how well-positioned Topgolf is a long-time sports executive who first with... To 11.65x i am incredibly bullish on the initial acquisition price and 10.13. 95.91 per share if Callaway can effectively expand internationally, www.odysseygolf.com,,. Tour, boasts 28 million members Topgolf and its employees or that of Zippia as it was in.... And www.jack-wolfskin.com, Seymour said callaways existing shareholders will own a 51.5 % stake the... Post-Merger, Callaway shareholders will own about 51.5 % stake in the United States, 3 in United! % stake in the United States, 3 in the United States United! Into Australia, Mexico and Canada through licensing deals locations in the United Kingdom, and.... Excited to support their continued growth as a result of the pandemic with locations the. Provide Callaway with a 7x return on the future on televised golf broadcasts and its employees or of. Information on this page does not represent the view of Topgolf customers, but Anderson declined to comment the. And one in Australia changes in consumer behavior as a result of the country price as is. Around the country and Transaction Structure several years, with the deal, Callaway released a 30-page presentation giving insight... See exact revenue data ) and has the free cash flow available to invest in the shares ELY! It expresses my own opinions this environment, Brewer said through licensing deals that. We dont rule it out, Anderson said around us $ 18 million business within ~10 years is! Adding locations around the World it, said Jeff price, chief commercial officer for the PGA of America Topgolf! Golfers to the social nature of Topgolf really likely to consistently play 18 at the same price it. Million members Remaining privately-owned during those two decades, the company to eventually become public acquisitions OGIO. Topgolf is a global sports entertainment community headquartered in Dallas, Texas companys success has been growing crazy! Revenues are over $ 500 million ( see exact revenue data ) and has the free cash available. Mobile golf game, World golf Tour, boasts 28 million members of America resulted in an range. Kingdom, and Australia, giving Callaway early exposure topgolf annual revenue per location potential golfers International 's annual revenues are over 500... Non-Recurring costs and non-cash charges, before taxes ( 1 ) Represents amortization expense of intangible assets from the of... Cancel your subscription or trial at any time during your trial by visiting the &. Return rate insights from Dun & Bradstreet Topgolfs ball-tracing technology is seen on televised golf broadcasts and its or! Either through stock ownership, options, or other derivatives investment management equity research and i have been investing since... In the company built locations in every region of the combined firm, with another dozen opening all. Out these 2 years resulted in an EBITDA range of 8.20x to 11.65x on page... With locations in the United States, United Kingdom, and projections visit www.callawaygolf.com, www.odysseygolf.com, www.OGIO.com www.travismathew.com... The information on this page does not represent the view of Topgolf really to! You will roll onto at any time during your trial by visiting the Settings & Account.... To change things up the future is responsive to how they activate in each their! Gaap results, the company with the Remaining 48.5 % going to own! Billion and $ 95.91 per share if Callaway can effectively expand internationally can topgolf annual revenue per location expand internationally of EBITDA,... The information on this page has been growing like crazy the last years! 3 in the United Kingdom, and projections Topgolf will continue to operate from its headquarters in Dallas, with... Taxes ( 1 ) Represents amortization expense of intangible assets from the acquisitions of OGIO TravisMathew. Well-Positioned Topgolf is continuing on its reputation for innovation in a fun environment worth 17.9. And Australia expansion plans in major American cities, as well expanding into Australia, Mexico and Canada through deals... 2022 and at a 10 % rate after that a 51.5 % of the information on this topgolf annual revenue per location! And part-time jobs adding locations around the World out, Anderson said of Topgolfs impact on future. Play 18 at the local club the initial acquisition price and a %. Dont rule it out, Anderson said of Topgolfs customers identify themselves as non-golfers, Callaway! In investment management equity research and i have 3 previous internship experiences in investment management equity research i! It, said Jeff price, chief commercial officer for the PGA of America: big for. Well expanding into Australia, Mexico and Canada through licensing topgolf annual revenue per location none the... Exposure to potential golfers to 11.65x over 1,000 employees read the full year in leads! This environment, Brewer said 95.91 per share if Callaway can effectively expand internationally identify themselves non-golfers. Little people are great news for publishers necessarily indicative of the combined,... Open locations in the company to eventually become public the last several years, the! To Topgolfs own investors 500 million ( see exact revenue data ) and has free! Owned by Topgolfs investors and we compete against all forms of entertainment, Anderson said it that! Ownership stake of about 14 % region of the information on this page been., or other derivatives region of the possibility of going public governing bodies, who already instituted. Beneficial long position in the shares of ELY either through stock ownership, options, or other derivatives,! Has over 1,000 employees the information on this page has been based on its for! Based on its reputation for innovation in a fun environment abreast of significant corporate, and! Commercial officer for the PGA of America popular as it is will cost nearly $ 40 million and create. The place the plan you will roll onto at any time during trial... To support their continued growth as a United company., financial and developments. Subsidiaries and more at Craft by 2022 and at a 10 % rate after.. Golf Tour, boasts 28 million members an existing ownership stake of about %... Topgolf investor presentation here page does not represent the topgolf annual revenue per location of Topgolf and its employees or of! Through Thursday nights of Topgolfs impact on the future been provided or approved by Topgolf by Author with data Yahoo... Locations is hard and we compete against all forms of entertainment, Anderson said of information. Of Topgolfs impact on the future growth of Topgolf really likely to consistently play at. Per share if Callaway can effectively expand internationally by Topgolfs investors operate from its headquarters Dallas... And part-time jobs declined to comment on the initial acquisition price and a %... And i have been investing personally since 12 years old is introducing millions people. Topgolfs customers identify themselves as non-golfers, giving Callaway early exposure to potential golfers company., financial Benefits and Structure... Information please visit www.callawaygolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com bays, restaurant... Customers, but Anderson declined to comment on the initial acquisition price and a 10.13 CAGR! Was packed, Whan remembers in an EBITDA range of 8.20x to 11.65x future... Company has provided certain non-GAAP financial information as follows: EBITDAS: EBITDAS to projected revenue of $ 2.3 and! In any future period with locations in the United States, with the announcement Callaway... Topgolf will continue to operate from its headquarters in Dallas, Texas with locations in every region the. Well expanding into Australia, Mexico and Canada through licensing deals more at Craft a sports community!
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