David McKillips named CEO of Topgolf
David McKillips, former CEO of Chuck E. Cheese, has been appointed CEO of Topgolf International LLC, effective February 23rd. This announcement follows Topgolf's spinoff to private-equity firm Leonard Green & Partners LP, which acquired a 60% stake in the company. McKillips brings experience in entertainment-dining and navigating a brand through challenges, as seen during his tenure at CEC Entertainment.
(CALY) Callaway Golf Company Expects Q1 Consolidated Net Sales Range $635.0M - $665.0M
Callaway Golf Company (CALY) expects its Q1 consolidated net sales to fall within the range of $635.0 million to $665.0 million. This announcement comes after several recent corporate changes, including its name change from Topgolf Callaway Brands and the sale of a majority stake in its Topgolf and Toptracer business. The company also recently introduced new Quantum drivers, fairway woods, irons, and hybrids.
Truist Raises Price Target on Callaway Golf to $17 From $12, Keeps Buy Rating
Truist has increased its price target for Callaway Golf (CALY) to $17 from $12, while maintaining a "Buy" rating on the stock. This adjustment reflects an updated positive outlook from the firm regarding the recreational products company. The news comes amid several recent changes for Callaway Golf, including a name change back from Topgolf Callaway Brands and recent product introductions.
Callaway Golf price target raised to $17 from $12 at Truist
Truist has increased its price target for Callaway Golf (CALY) to $17 from $12, maintaining a Buy rating on the shares. This adjustment follows a "highly encouraging" PGA Show, with the firm noting the golf industry's positive momentum despite potential challenges like tariffs and discretionary spending. The analyst believes the golf sector shows strong relative strength compared to other leisure industries.
Pep TG Investments GP LLC sells Callaway Golf (CALY) shares for $147m By Investing.com
PEP TG Investments GP LLC, a major shareholder in Callaway Golf Co (NYSE:MODG), sold 10 million shares for $147 million on January 27, 2026. This transaction follows other significant company news, including strong earnings, analyst upgrades, the launch of new golf equipment, and a corporate name change from Topgolf Callaway Brands Corp. to Callaway Golf Company. These developments highlight Callaway Golf’s renewed focus on its core brand and strategic market opportunities.
Topgolf Callaway Brands Corp put volume heavy and directionally bearish
Topgolf Callaway Brands Corp (CALY) is experiencing heavy and directionally bearish put option volume, with 1,754 puts trading, which is three times the expected volume. The most active strikes are March 26 $15 and March 26 $12.5 puts, totaling nearly 1,700 contracts. This activity, along with a Put/Call Ratio of 36.54 and a nearly 5-point increase in ATM IV, suggests a negative sentiment towards the stock ahead of its earnings report expected on February 23rd.
Leisure Facilities Stocks Q3 Teardown: Topgolf Callaway (NYSE:MODG) Vs The Rest
This article analyzes the Q3 earnings of several leisure facilities stocks, highlighting Topgolf Callaway (NYSE:MODG) as a key performer. It reviews the financial results, revenue growth, and market reactions for companies like AMC Entertainment (NYSE:AMC), United Parks & Resorts (NYSE:PRKS), Sphere Entertainment (NYSE:SPHR), and Lucky Strike (NYSE:LUCK), providing a snapshot of the sector's performance. The sector as a whole reported satisfactory Q3 results with revenues slightly beating estimates and resilient share prices.
Topgolf Callaway Brands stock hits 52-week high at 15.08 USD
Topgolf Callaway Brands (CALY) stock reached a 52-week high of $15.08, representing an 84.74% increase over the past year due to strong returns across multiple timeframes. While the company's liquid assets exceed short-term obligations, it was not profitable in the last year, and analysts do not anticipate profitability this year. The company recently changed its name to Callaway Golf Company and sold a majority stake in Topgolf, leading to an upgraded stock rating from KeyBanc and a changed outlook from S&P Global Ratings.
Topgolf Callaway Brands Officially Changes its Name Back to Callaway Golf Company, Reinforcing Pure-Play Golf Focus
Callaway Golf Company, formerly Topgolf Callaway Brands Corp., has completed its corporate rebrand and name change, signaling a renewed focus as a pure-play golf business. The company will now trade on the NYSE under the ticker symbol "CALY" and has launched a new investor relations website. Callaway Golf Company will continue to operate its portfolio of golf brands, including Callaway, Odyssey, TravisMathew, and OGIO.
Topgolf Callaway Brands stock hits 52-week high at 15.08 USD
Topgolf Callaway Brands (CALY) stock reached a 52-week high of $15.08, reflecting an 84.74% increase over the past year and strong returns across multiple timeframes. While the company's liquid assets exceed short-term obligations, it was not profitable in the last twelve months, and analysts do not anticipate profitability this year. Recent strategic developments, including the sale of a majority stake in Topgolf and a corporate name change to Callaway Golf Company, have led to upgrades from KeyBanc and S&P Global Ratings, alongside a raised price target from UBS.
Golf fans see Callaway drop Topgolf from name, return to core golf
Callaway Golf Company has officially changed its name back from Topgolf Callaway Brands Corp., reinforcing its focus as a pure-play golf business. The company will now trade under the ticker symbol CALY on the New York Stock Exchange and has launched a new investor relations website. This strategic move highlights Callaway's commitment to its core golf brands, including Callaway, Odyssey, TravisMathew, and OGIO.
Topgolf Callaway Brands Officially Changes its Name Back to Callaway Golf Company, Reinforcing Pure-Play Golf Focus
Callaway Golf Company, formerly Topgolf Callaway Brands Corp., has officially completed its corporate rebrand and name change, returning to its original identity to reinforce its focus as a pure-play golf business. The company will now trade on the New York Stock Exchange under the new ticker symbol "CALY" and has launched a new investor relations website. It will continue to operate its portfolio of golf brands, including Callaway, Odyssey, TravisMathew, and OGIO.
Topgolf Callaway Brands Corp. has Changed its Name to Callaway Golf Company
Topgolf Callaway Brands Corp. officially changed its name to Callaway Golf Company on January 15, 2026. This rebranding follows the company's recent sale of a majority stake in its Topgolf business to Leonard Green & Partners. The change reflects a strategic shift back to its core golf equipment identity.
Revenues Not Telling The Story For Topgolf Callaway Brands Corp. (NYSE:MODG) After Shares Rise 27%
Topgolf Callaway Brands Corp. (NYSE:MODG) shares have seen significant gains recently, up 27% in 30 days and 80% in the last year. Despite this, its current P/S ratio of 0.7x is considered average compared to the Leisure industry's median of 1x, which analysts find puzzling given the company's declining revenues. Analysts predict a 37% revenue contraction for MODG in the coming year, while the industry is expected to grow by 2.7%, suggesting that its current P/S ratio may not be sustainable if the negative growth outlook materializes.
Revenues Not Telling The Story For Topgolf Callaway Brands Corp. (NYSE:MODG) After Shares Rise 27%
Topgolf Callaway Brands Corp. (NYSE:MODG) has seen a 27% share price increase in the last month and 80% over the past year, yet its revenue performance is weaker than the industry average, with a 3.6% decline last year and a projected 37% contraction for the coming year. Despite a seemingly "middle-of-the-road" price-to-sales (P/S) ratio of 0.7x compared to the Leisure industry median of 1x, analysts predict a significant revenue slump, suggesting that the current P/S might not accurately reflect the company's future prospects. Investors holding onto the stock, dismissing analyst pessimism, may face future disappointment if the P/S ratio adjusts to align with the negative growth outlook.
Is It Time To Reassess Topgolf Callaway Brands (MODG) After Its 57% One Year Rally
Topgolf Callaway Brands (MODG) has seen significant recent stock performance, with a 57.2% return over the last year. While a Discounted Cash Flow (DCF) analysis suggests the stock is 38.0% undervalued, its Price-to-Sales (P/S) ratio of 0.61x appears overvalued compared to Simply Wall St's Fair Ratio of 0.16x, especially when considering its industry peers. Investors should weigh these differing valuation approaches and consider their own assumptions about the company's future.
3 Reasons to Avoid MODG and 1 Stock to Buy Instead
This article analyzes why investors should avoid Topgolf Callaway Brands (MODG) despite its recent stock surge. Citing declining constant currency revenue, mediocre free cash flow margins, and decreasing return on invested capital, the authors suggest the stock is overvalued at 50.7x forward P/E. Instead, they recommend looking at high-quality growth stocks with demonstrably better performance, including leading software businesses and specific "Top 5 Growth Stocks" that have significantly outperformed the market.
Topgolf Callaway Brands stock hits 52-week high at 14.21 USD
Topgolf Callaway Brands (MODG) stock reached a 52-week high of $14.21, reflecting a 70.52% return over the past year and a 59.93% gain in six months. Despite this strong performance and investor confidence, InvestingPro analysis suggests the stock may be overvalued and in overbought territory, with analysts not anticipating profitability this year. Recent strategic moves include the sale of its Topgolf entertainment business for $1.1 billion, which reduced debt and led to a credit rating upgrade by S&P Global Ratings.
Topgolf's Leverage Declines: How Is Financial Flexibility Shaping Up?
Topgolf Callaway Brands Corp. (MODG) significantly improved its financial flexibility by the end of the third quarter of 2025, marked by increased liquidity and reduced leverage. The company's balance sheet was strengthened through strong year-to-date cash generation and the sale of its Jack Wolfskin business, leading to a substantial decrease in net debt and improved leverage ratios. Despite anticipated tariff-related cost pressures extending into 2026, MODG is well-positioned for future strategic evaluations, including potential alternatives for its Topgolf business.
Topgolf Callaway Brands (NYSE:MODG) Reaches New 12-Month High - What's Next?
Topgolf Callaway Brands (NYSE:MODG) stock recently hit a new 52-week high of $13.95, and the company's board authorized a $200 million share repurchase program. Despite this, analysts have a mixed view, with an average "Hold" rating and a price target below the current stock price, though some have raised their targets. The company's underlying fundamentals show weakness with a recent earnings per share beat but materially missed revenue expectations, alongside negative net margin and P/E ratio.
Topgolf's Leverage Declines: How Is Financial Flexibility Shaping Up?
Topgolf Callaway Brands Corp. (MODG) significantly improved its financial flexibility by the third quarter of 2025, driven by strong cash generation and the sale of its Jack Wolfskin business. The company's liquidity increased to $1.25 billion, and net leverage declined to 3.8x, or 1.4x on a REIT-adjusted basis. This stronger balance sheet positions MODG to navigate ongoing tariff-related cost pressures and explore strategic alternatives for the Topgolf business.
Topgolf Callaway’s Debt Ratings Upgraded by S&P
S&P Global Ratings upgraded Topgolf Callaway Brands Corp.'s debt ratings following the sale of a 60 percent stake in its Topgolf business to Leonard Green & Partners. The upgrade reflects the significant debt reduction achieved through the sale proceeds. The company plans to fully redeem its convertible notes and focus on its core golf equipment and apparel business, repositioning itself as a pure-play golf company.
Topgolf Callaway Brands Reports Q3 2025 Growth
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Topgolf Callaway Brands Renaming to Callaway Golf Co.; Secures New Stock Ticker “CALY”
Topgolf Callaway Brands Corp. is set to revert its corporate name to Callaway Golf Company around January 15, 2026, following the sale of its 60 percent stake in its Topgolf and Toptracer businesses. The company's ticker symbol will change from "MODG" to "CALY" on the New York Stock Exchange around January 16, 2026. This change signifies a return to its golf-centric identity and original ticker symbol, reflecting its San Diego County roots.
Topgolf Callaway Brands Completes Sale of Majority Stake of Topgolf to Leonard Green & Partners
Topgolf Callaway Brands has completed the sale of a 60% stake in its Topgolf and Toptracer businesses to Leonard Green & Partners for approximately $1.1 billion. The Company received $800 million in cash proceeds, which will be used to repay $1 billion of debt and fund a new $200 million stock repurchase program. The company also announced plans to change its corporate name back to Callaway Golf Company and its NYSE ticker symbol from MODG to CALY around mid-January 2026.
Latham & Watkins Advises Topgolf Callaway Brands in Completed Sale of Majority Stake in Topgolf Business to Leonard Green & Partners
Latham & Watkins LLP advised Topgolf Callaway Brands Corp. on the successful sale of a 60% stake in its Topgolf and Toptracer businesses to private equity funds managed by Leonard Green & Partners, L.P. The transaction, effective January 1, 2026, values Topgolf at approximately US$1.1 billion, with Topgolf Callaway Brands receiving about US$800 million in cash. The legal team was led by San Diego partners Craig Garner and Kevin Reyes and Los Angeles partner David Zaheer.
MODG Stock Up 45% in 3 Months: Buy on Strength or Wait for a Dip?
Topgolf Callaway Brands Corp. (MODG) shares have surged 45.1% in the past three months, outperforming the industry and S&P 500, following a strong Q3 2025 performance driven by operational turnaround in Topgolf, robust Golf Equipment sales, and improved financial metrics. The company's value-focused initiatives and cost management contributed to positive same-venue sales and reaffirmed growth confidence. MODG currently trades at a discount compared to its industry peers and holds a Zacks Rank #1 (Strong Buy).
MODG Stock Up 45% in 3 Months: Buy on Strength or Wait for a Dip?
Shares of Topgolf Callaway Brands Corp. (MODG) have surged 45.1% in the last three months, outpacing the industry and S&P 500, driven by an operational turnaround at Topgolf and strong performance in its Golf Equipment business. The company posted better-than-expected Q3 2025 results, with positive same-venue sales at Topgolf due to value-driven initiatives and improved balance sheet metrics. Despite the recent rally, MODG trades at a discount compared to its industry, and its 2026 loss estimate has narrowed, making it an appealing prospect with a Zacks Rank #1 (Strong Buy).
Topgolf Callaway Brands stock hits 52-week high at 13.04 USD
Topgolf Callaway Brands (MODG) stock has achieved a new 52-week high of $13.04, reflecting a 42.21% return over the past year. The company recently announced the sale of a 60% stake in its Topgolf and Toptracer business to Leonard Green & Partners for approximately $1.1 billion, with Topgolf Callaway Brands retaining a 40% stake and generating $770 million in net proceeds. This strategic move aims to allow the company to concentrate on its core golf equipment platform.
Topgolf Callaway Brands stock hits 52-week high at 13.04 USD
Topgolf Callaway Brands (MODG) stock has reached a 52-week high of $13.04, reflecting significant returns over the past year and six months. Despite not being profitable in the last twelve months, the company shows financial stability with a current ratio of 1.87. This growth comes as the company plans to sell a 60% stake in its Topgolf and Toptracer business for approximately $1.1 billion, a move analysts believe will allow it to focus on its core golf equipment business.
Topgolf Callaway Brands stock hits 52-week high at 13.04 USD
Topgolf Callaway Brands (MODG) stock has reached a 52-week high of $13.04, reflecting a 42.21% return over the past year. Despite not being profitable in the last twelve months, the company demonstrates financial stability with a current ratio of 1.87 and recently announced the sale of a 60% stake in its Topgolf business for approximately $1.1 billion. Analysts have reacted positively to the divestiture, with Jefferies reiterating a Buy rating and UBS raising its price target.
S&P upgrades Topgolf Callaway to ’BB-’ following Topgolf sale
S&P Global Ratings upgraded Topgolf Callaway Brands Corp. to ’BB-’ from ’B’ after the company sold its Topgolf entertainment business and significantly reduced its debt. The company, which prepaid approximately $1.0 billion of its term loan, plans to revert its name to Callaway Golf Co. and is expected to further reduce debt by redeeming convertible notes. Despite a revised "weak" business risk profile due to reduced scale, S&P forecasts adjusted leverage to fall below 2x by year-end 2026, driven by a focus on its core golf equipment and apparel business.
Can Topgolf's Toast POS Rollout Unlock Better Venue Efficiency?
Topgolf Callaway Brands Corp. (MODG) is expanding its rollout of Toast's point-of-sale (POS) system aimed at improving in-venue efficiency, with early results showing improved speed of service, better labor efficiency, and higher spend per visit. The full implementation is targeted by the end of Q2 2026, with planned pilot programs for pay-at-bay and mobile food ordering in Q4. This initiative seeks to standardize operations and leverage technology to stabilize venue-level economics and enhance the guest experience.
Callaway Golf Introduces Chrome Tour, Chrome Tour X, and Chrome Soft Balls
Callaway Golf has unveiled its new Chrome Tour, Chrome Tour X, and Chrome Soft Golf Balls, set to launch on January 30th. These balls feature a revolutionary Tour Fast Mantle with a 16% higher flex modulus, designed to increase ball speed and optimize performance through a stiffer spring-like effect at impact. The lineup also boasts Seamless Tour Aero for consistent flight, a Tour Urethane cover for feel and control, and Precision Technology for overall enhanced performance.
Latham Watkins Advises Topgolf Callaway Brands in Completed Sale of Majority Stake Topgolf Business
Latham & Watkins LLP advised Topgolf Callaway Brands Corp. in the sale of a 60% stake in its Topgolf and Toptracer businesses to private equity funds managed by Leonard Green & Partners, L.P. The transaction, valuing Topgolf at approximately US$1.1 billion, resulted in Topgolf Callaway Brands receiving about US$800 million in cash proceeds. The Latham & Watkins corporate deal team was led by San Diego partners Craig Garner and Kevin Reyes, and Los Angeles partner David Zaheer.
Topgolf Callaway Completes Sale of Topgolf to Leonard Green
Topgolf Callaway Brands Corp. has completed the sale of a 60 percent stake in its Topgolf and Toptracer businesses to Leonard Green & Partners, valuing Topgolf at approximately $1.1 billion. The company repaid $1 billion in borrowings and plans to revert its corporate name to Callaway Golf Company by January 15, 2026, and change its NYSE ticker to "CALY" around January 16, 2026. This transaction aims to create two separate, well-capitalized entities and includes a new share repurchase program for Callaway Golf.
Assessing Topgolf Callaway Brands (MODG) Valuation After Its Recent 90 Day Share Price Rebound
Topgolf Callaway Brands (MODG) has experienced a significant 90-day share price rebound, leading to a reassessment of its valuation. Despite the rebound, analysts consider the stock modestly undervalued with a fair value estimate of $12.50 against its current $11.72 share price. Investors are now evaluating whether this still represents an overlooked value opportunity or if future growth is already priced in.
Topgolf Callaway Brands Completes Sale of Majority Stake of Topgolf to Leonard Green & Partners
Topgolf Callaway Brands has successfully completed the sale of a 60% stake in its Topgolf and Toptracer businesses to Leonard Green & Partners for approximately $1.1 billion. This transaction enabled the company to repay $1 billion in debt and authorize a new $200 million stock repurchase program, aiming to deliver long-term shareholder value. The company plans to revert its corporate name to "Callaway Golf Company" and change its NYSE ticker symbol to "CALY" around January 15-16, 2026.
Topgolf Callaway Brands Is Going Viral – But Is MODG Stock a Secret Cheat Code or a Total Trap?
Topgolf Callaway Brands is gaining significant traction across social media platforms like TikTok, transforming golf into a trending social experience. This article examines whether MODG stock represents a valuable investment opportunity or a risky venture, analyzing its brand power, consumer experience, and market performance. It concludes that while MODG offers high potential for growth investors, it requires patience and a tolerance for risk due to its reliance on consumer spending on experiences and ongoing expansion.
Topgolf Callaway Brands Corp. (NYSE:MODG) Given Consensus Rating of "Hold" by Brokerages
Analysts have assigned Topgolf Callaway Brands Corp. (NYSE:MODG) an average "Hold" rating, with a mean 12-month price target of $11.17. The company recently reported an EPS of ($0.05), beating consensus estimates, but missed revenue expectations with $465.3 million. Institutional ownership of MODG is high at 84.69%, with recent sizable positions taken by Tudor Investment Corp and Caxton Associates LLP.
Topgolf Callaway Brands Corp. $MODG Shares Sold by Thompson Investment Management Inc.
Thompson Investment Management Inc. significantly reduced its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) by 98.2% in Q3, selling 359,285 shares and retaining only 6,455 shares. This divestment occurred despite the company beating EPS expectations for the quarter, though it posted a substantial revenue miss and negative net margin. Institutional ownership remains high at 84.69%, but analyst coverage generally suggests a "Hold" rating with an average target price of $11.17.
Harbor Capital Advisors Inc. Decreases Stock Holdings in Topgolf Callaway Brands Corp. $MODG
Harbor Capital Advisors Inc. significantly reduced its stake in Topgolf Callaway Brands Corp. by 72.6% in Q3 2025, selling 687,336 shares and retaining 259,277 shares valued at approximately $2.46 million. Despite the reduction by Harbor Capital, other institutional investors like Hsbc Holdings PLC and OMERS ADMINISTRATION Corp increased their positions in MODG. The company reported a Q3 loss of $0.05 per share, outperforming estimates, but revenue declined by 7.8% year-over-year while analysts hold a consensus "Hold" rating with an average target price of $11.17.
Topgolf Callaway Brands Corp. $MODG Shares Bought by O Keefe Stevens Advisory Inc.
O Keefe Stevens Advisory Inc. significantly increased its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) during the third quarter, growing its holdings by 2,528.5% to 347,008 shares. This makes MODG the 23rd largest holding for the firm, representing about 0.9% of its total portfolio. While institutional investors now own a substantial portion of the company, analyst sentiment remains mixed with an average "Hold" rating despite a recent earnings beat.
Assessing Topgolf Callaway (MODG) Valuation After Its Recent Share Price Rebound
Topgolf Callaway (MODG) has seen a significant share price rebound, up 14% over the past month and 26% over three months, with a 30% year-to-date return. Despite this rally, the stock is considered 6.6% undervalued with a narrative fair value of $12.50 against its last closing price of $11.68. Analysts have a consensus price target of $10.5, though individual targets range widely from $9.0 to $13.0, indicating a potential for further upside based on future margin gains and a re-rated profit multiple, despite some lingering concerns.
Squarepoint Ops LLC Sells 450,745 Shares of Topgolf Callaway Brands Corp. $MODG
Squarepoint Ops LLC significantly reduced its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) by 47.7%, selling 450,745 shares and now holding 493,506 shares valued at approximately $3.97 million. Despite this, other institutional investors like Marshall Wace LLP and Hill Path Capital LP aggressively increased their positions, raising institutional ownership to 84.69%. The company recently beat EPS estimates but missed revenue expectations and trades near $11.41 with a $2.1 billion market cap.
Hill Path Capital LP Acquires New Holdings in Topgolf Callaway Brands Corp. $MODG
Hill Path Capital LP has acquired a new position of 4,685,985 shares in Topgolf Callaway Brands Corp. (NYSE:MODG) worth approximately $37.7 million, making it their fifth-largest holding. Wall Street analysts have a mixed sentiment on MODG, with a consensus "Hold" rating and a target price of $11.17, although some firms have recently upgraded the stock or raised their price targets. Topgolf Callaway Brands, with a $2.10 billion market cap, is currently unprofitable but did beat EPS estimates while missing revenue expectations in its latest quarterly report.
Best Momentum Stock to Buy for December 11th
This article identifies two momentum stocks, Topgolf Callaway Brands (MODG) and California BanCorp (BCAL), as strong buys for December 11th. Both companies are highlighted for their strong Zacks Rank, positive earnings estimate revisions, and significant stock price gains over the last three months, outperforming the S&P 500. MODG also received a Momentum Score of A, while BCAL received a B.
Topgolf Callaway Brands (MODG): Reassessing Valuation After a Sharp 12-Month Rebound and Recent Pullback
Topgolf Callaway Brands (MODG) has seen a significant rebound in its share price over the past year, despite ongoing net losses. While currently considered 1.8% undervalued with a fair value of $11.72, the company's improved financial flexibility and cost-reduction measures are expected to drive future growth and margin improvement. Investors should consider potential lingering margin pressures from tariffs and heavy discounting when assessing this modest upside.
Marshall Wace LLP Increases Stock Position in Topgolf Callaway Brands Corp. $MODG
Marshall Wace LLP significantly increased its stake in Topgolf Callaway Brands Corp. (NYSE:MODG) by over 10,000% in Q2, acquiring 4,645,850 additional shares. Despite beating EPS estimates, the company's Q2 revenue was significantly below consensus, reflecting a 7.8% year-over-year decline and continued losses. Analyst ratings are mixed, with a consensus "Hold" rating and an average target price of $11.17, highlighting uncertainty about the company's financial performance.
Leonard Green to Buy 60% Stake in Topgolf
Sawtelle-based private equity firm Leonard Green & Partners is acquiring a majority stake (60%) in the Topgolf and Topracer business lines from Topgolf Callaway Brands Corp. This deal, valued at approximately $1.1 billion, will net Topgolf Callaway Brands about $770 million and is expected to close in the first quarter of 2026. The transaction aims to undo the merger that brought Topgolf under Callaway Golf Co.'s umbrella, with Topgolf Callaway Brands reverting to its original name.
