Topgolf Callaway Brands Corp. (MODG) Discusses Sale of Majority Stake in Topgolf and Strategic Refocus on Core Golf Brands November 25, 2025 12:00 PM EST

Company Participants

Oliver Brewer – President, CEO & Director

Conference Call Participants

Randal Konik – Jefferies LLC, Research Division

Presentation

Operator

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Randal Konik
Jefferies LLC, Research Division

Thanks, Katie. Hey, everybody. Good afternoon or good morning on the West Coast. It’s Randy Konik, lifestyle and growth platforms analyst at Jefferies. Ahead of time, we want to wish everybody a future happy Thanksgiving, but we thought we’d give you an early present for Thanksgiving by having Topgolf Callaway Brands leadership with us today to talk about the story.

And I want to thank Chip Brewer, CEO, for taking some time out of his busy day to have this chat with us. And then also really want to thank Katina Metzidakis and Andrius Ellner for helping set this up. So in terms of logistics, we want to make this interactive. We’re going to have Chip give some perspective on the business and this actual transaction. He’ll go over that and has a few slides to

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