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US Equities Report

Topgolf Callaway Brands Corp

06 February 2025

Section 1: Company Overview and Fundamentals

1.1 Company Overview:

Topgolf Callaway Brands Corp. (NYSE: MODG) is a golf and active lifestyle company. The Company provides golf entertainment experiences, designs, and manufactures golf equipment, and sells golf and active lifestyle apparel and other accessories through its family of brand names, which include Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO, Toptracer and World Golf Tour. Its segments include Topgolf, Golf Equipment, and Active Lifestyle.

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