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Callaway might be facing a tough round with Topgolf's recent performance. 📉 Will this setback prove costly for investors? Let's keep an eye on how this plays out. ⛳️ In the meantime, check out the full story: https://bit.ly/3WYQnVU #Stocks #StockMarket #MarketInsight #Investing #MarketUpdate #Callaway #TopGolf #TradeSmart #StockPortfolio

"Lately, the Topgolf business has been hit hard by slowing consumer spending. Same-venue sales fell 8% in the second quarter from a year earlier, the fourth consecutive quarter of declines. The sales drop was even worse for big-group events because of “corporate belt-tightening,” according to the company. That is quite the contrast with bowling-alley operator Bowlero, which reported a same-store sales increase in the same quarter. Eric Wold, equity analyst for B. Riley Securities, noted that movie theaters and theme parks also haven’t experienced the degree of slowdown that Topgolf has seen recently. The steeper price tag might be one contributor: In its location in Edison, N.J., for example, it costs about $155 to reserve one bay for a two-hour session during peak hours. And that doesn’t include food or drinks. Topgolf is trying out different ways to lure customers, including variable pricing, tweaks to its promotions and adding concerts and live DJ nights. In all, Topgolf Callaway’s shares have shed nearly 52% since unveiling the deal, a contrast with peer Acushnet (owner of Titleist), which has appreciated 83% over the same period. This is despite the fact that the postpandemic period has been “the greatest period for the sport of golf and the golf equipment industry” since the peak of Tiger-mania more than 20 years ago, according to Joe Altobello, equity analyst at Raymond James. Last year was the record for rounds played in U.S. history, and that number was still growing through mid-2024, according to a research note from Jefferies."

Topgolf Callaway Brands just announced their intent to separate into two independent companies. Here's our hot take 👇 - The public markets have struggled to value a golf business - there are essentially only two of them, Acushnet and Topgolf Callaway (the 3rd is Sacks Parente which is a stock with a $4.19M market cap). - Each independent company should go private (we would expect this to happen, although the press release states the goal is to maintain two stand-alone publicly companies). - Callaway and Topgolf may share "golf" as a commonality, but the businesses couldn't be more different. Topgolf exists at one end of the spectrum (golf-curious) and Callaway on the other (golf-active). - Topgolf does have a retention problem (which is why same venue growth is down), but there is absolutely an opportunity to make the Topgolf ecosystem stickier for consumers (additional Topgolf concepts into short-courses, par 3s, leagues, and other green-grass, to advance them from golf-curious to something more). - Both Callaway and Topgolf are bluechip golf companies and have huge potential to rise back from the public woes (down 50% from mid-July and 72% from mid-2021). What do you think about this announcement? View the press release: https://lnkd.in/gprs3Hih #golfbusiness #topgolf #callaway #topgolfcallaway

Gareth Southgate knows the importance of consistency and so do we. Just as England’s team needs consistent training, your business needs a steady stream of qualified leads. Learn how our Business Propeller Package ensures a rhythmic acquisition of new customers. #England #Euros2024 #Football #ThreeLions #ItsComingHome #Stratique #B2BMarketing #LeadGeneration #Teamwork #BusinessGrowth

NEW BLOG⚽ Discover the incredible financial impact the euro has had on the hospitality industry in our latest blog post. Link below👇 https://lnkd.in/dYs9rWmP #Hospitality #FinancialGrowth #Euros2024 #Football #England #BerkeleyScott

🚨Financial news headlines can be misleading… Our daily reminder in sports: The PGA Championship begins today. If fans were only paying attention to headlines surrounding the fractured professional golf tours and the ongoing drama, they would have to imagine interest in the game would be waning. Not the case: ⛳️ The tournament sold out of general admission tickets ⛳️ The PGA said the hospitality sales this week will break the previous record set in 2017 ⛳️ The PGA of America expects around 200,000 fans for the entire week Tough to argue with those numbers and new corporate sponsorship including T-Mobile and William Hill. 📈 If investors were only paying attention to negative headlines — they could be missing major positive developments in global markets (pick up in global activity, encouraging signs of growth, continued moderation in inflation). It pays to look past headlines and dive into the data. #PGA #Golf #Markets #Sportsadvisors

Drake, Lebron 🤝 PGA Tour The superstar duo have invested in the PGA Tour as part of a $3 billion deal. Here's more —   In January the PGA TOUR announced the launch of PGA Tour Enterprises — a new for-profit commercial entity designed to maximize revenue for the tour and its players — with the backing of a $3 billion investment from the Strategic Sports Group (SSG)*.   And just last month, The New York Times reported that Drake, Lebron James, Chris Pratt and other prominent figures in sports and entertainment have joined the SSG as "strategic investors" committing both capital and their respective brands to help broaden golf's audience.   In a statement to NYT's DealBook, Drake said: → “Golf can be so much more than a sport. I remember some of my best childhood memories was being on the golf course with my uncle.” → “It’s one thing to invest in a team, but to help reimagine one of the biggest leagues in the world is an incredible opportunity and I’m excited to be a part of it.” Bullish 🚀📈   ____________ *SSG is a consortium of investors, led by the Fenway Sports Group, which includes the owners of the: ⚾ Boston Red Sox 🏒 Pittsburgh Penguins ⚽ Liverpool Football Club 🏈 Atlanta Falcons 🏀 Boston Celtics 🏀 Milwaukee Bucks Inc. ⚾ Chicago Cubs ⚾ New York Mets #golf #celebrity #pgatour #sports #investors

Topgolf Earnings: A Swing And A Miss Topgolf Earnings The golf chain known for its high-tech sporting experience is having a hard time bringing in customers… Topgolf revealed earnings that led financial analysts to worry more and more about the company’s well-being. Here’s the story… Missed Topgolf Earnings While Topgolf is not too fazed by their earnings… Industry analysts are. The company reported slower sales but is anticipating that after a strategic review and potential spinoff… The company will land on its feet… But analysts like Joseph Altobello don’t think it’ll be enough. In fact, Altobello downgraded his expectations for Topgolf following the earnings… Altobello now believes the company will underperform instead of outperform… AND IS WARNING INVESTORS TO AVOID THE COMPANY’S SHARES UNTIL FURTHER NOTICE. Callaway Golf Co. purchased Topgolf in 2020 for about $2 billion… SINCE THEN, THE COMPANY’S SHARES DROPPED AN ESTIMATED 40%. Topgolf’s earnings reported lackluster revenue… But the slowed sales are also from customers who are cutting back on unnecessary expenditures in the face of rampant inflation. While the company might still believe a spinoff chain might be enough to offset missed Topgolf earnings… Analysts believe that the company’s future is not as simple as they make it out to be.

As stadium debates continue in many cities, the Jacksonville Jaguars' new stadium moves forward /// For all your real estate needs #Realtor #ResidentialRealestate #CommercialRealestate #InvestmentProperties #TampaBay #TampaRealestateAgent

Learn more about the game-changing trends and the dynamic transformations that are happening now in racquet sports. 🎾 Our recent collaboration with RacquetX shines a light on the industry's transformation. Get the rundown in our recent blog post: https://heyor.ca/Ek0Kj8