Disc News

CARLSBAD, Calif., Nov. 15, 2024 /PRNewswire/ — Today Odyssey Golf, an industry leader in putter innovation and the #1 Putter on Tour, announced their all-new family: Ai-ONE Square 2 Square with zero torque.

Zero torque is one of the hottest trends in putting. There are lots of options, but only Odyssey delivers their most successful Tour-proven shapes (Jailbird, #7, and Double Wide) with an Ai-ONE Insert for more consistent ball speeds across the face. Ai-ONE Square 2 Square Putters feature a modern center shafted design that makes them Stroke Balanced, so they want to stay square throughout a golfer’s stroke. These putters are ideally suited for golfers looking to minimize their face rotation when they putt.

Odyssey positions the shaft just above the head’s center of gravity for a putter that rests with the toe up, which is the opposite of a traditional putter with toe hang. This design promotes a square face throughout the stroke. Ai-ONE Square 2 Square Putters provide built in forward press as well. The 3.3° of forward shaft lean presets the hands in a forward press position, eliminating the opening of the face that often happens when golfers forward press.

Additionally, the Ai-ONE Insert is engineered with contours on the aluminum backer of the insert, which are co-molded to a White Hot Urethane striking surface to promote consistent ball speed across the face with the classic White Hot feel that Tour players and amateurs love. Plus, the lightweight steel SL 90 shaft offers 20-30 grams (depending on the grip) of counterbalance weight in the butt end for more stability throughout the stroke.

“Our new Odyssey Ai-ONE Square 2 Square Putters are built to deliver zero torque, only better,” said Odyssey General Manager and Callaway VP of Global Product Strategy, Jacob Davidson. “We’ve seen the momentum in this emerging category both in the market and on Tour, and we couldn’t be more excited to introduce these new models. The combination of our center shaft, iconic shapes, and our Ai-ONE Insert should set Square 2 Square apart.”

Odyssey Ai-ONE Square 2 Square Putters will be available for pre-sale on November 15, and available at retailers starting November 29. They will be offered in Jailbird, #7, and Double Wide shapes, all at a retail price of $299.99. For more information, visit www.odysseygolf.com.

MEDIA CONTACTS

Jeff Newton

Callaway Golf

[email protected]

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SOURCE Odyssey Golf

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New Collaboration to Bring the Iconic Nicklaus Legacy to Life Through Engaging Historical Exhibits at Premier Golf Clubs

LAGUNA BEACH, Calif. and PALM BEACH GARDENS, Fla., Nov. 14, 2024 /PRNewswire/ — Private Club Historical, LLC, the industry leader in designing and developing historical exhibits for private clubs, and Nicklaus Companies, the globally recognized leader in golf course design and brand licensing, are proud to announce a new strategic marketing alliance.

This collaboration aims to blend the rich history of golf clubs, both long-standing and newer, with the legendary Nicklaus design vision and plans for each course at these clubs. The result is a series of distinctive, engaging, and thoughtfully crafted historical exhibits that celebrate the enduring heritage of golf while honoring each club’s legacy. By showcasing the unique contributions of Nicklaus Design to course design, each exhibit will offer a deeper understanding of how the vision of its founder, Jack Nicklaus, and Nicklaus Companies’ talented Master Designers, have shaped the character and playability of these iconic courses, making them landmarks in the world of golf.

As part of this alliance, Private Club Historical will have direct access to historical content and assets accumulated by Nicklaus Design and Nicklaus Brands over six decades, including photographs, documents, and memorabilia from the career of Jack Nicklaus, as well as the entire process used by our Master Designers and the legendary courses they have designed. These elements will be integrated into immersive historical exhibits that enhance the legacy of Nicklaus-designed golf courses and the clubs which have grown up around them, including Bear’s Paw Country Club, one of the first clubs to benefit from this collaboration.

“We are thrilled to work with Nicklaus Companies, a firm that represents the pinnacle of excellence in golf,” said Tom Neill, President and CEO of Private Club Historical. “This alliance allows us to elevate our work by incorporating the iconic continuing Nicklaus legacy into the origin stories of golf clubs, both private and public, across the country. Together, we will create exhibits that not only honor the past but inspire future generations of club members and golfers.”

The partnership will begin with the development of an exhibit for Bear’s Paw Country Club, an award-winning premier private club and Jack Nicklaus Signature Golf Course. This exhibit will showcase the Club’s storied history while intertwining it with the incredible achievements and legacy of Jack Nicklaus, offering members a unique perspective on their Club’s rich heritage.

“Bear’s Paw Country Club is excited to be one of the first clubs to experience this collaboration,” said Sean Redding, General Manager and COO of Bear’s Paw Country Club. “By engaging Private Club Historical to research and present our history as a unique project developed with the Club’s Nicklaus Design golf course, we are able to honor our Club’s traditions while continuing to celebrate the deep connection we have with Nicklaus Companies and the world of golf, especially through Jack Nicklaus’ lasting contributions.”

Nicklaus Companies, known for its leadership in golf course design and marketing, licensing and branding, views this new initiative as a meaningful way to continue promoting the values of the sport and the communities it supports.

“At Nicklaus Companies, we are always looking for ways to connect with our courses and deliver an elevated experience,” said Phil Cotton, CEO of Nicklaus Companies. “Our alliance with Private Club Historical is an exciting opportunity to preserve and celebrate the rich heritage of our clubs while highlighting the contribution of our founder, Jack Nicklaus, and our master designers to the sport. We believe this collaboration will create an enduring impact for club members who cherish the traditions of golf and golf course design.”

The first exhibits are expected to launch at Bear’s Paw Country Club later this year, with plans to extend this partnership to other private, public and resort clubs across the world.

For more information about this partnership, please contact:

Maria Huntalas

CMO / COO

Private Club Historical

949-497-6543

[email protected]

www.ClubHistorical.com

About Private Club Historical

Private Club Historical is the industry leader in designing and developing immersive historical displays for private clubs, recognizing the profound impact such exhibits have on member pride, recruitment, retention, and the club’s overall member experience. With over 300 exhibits crafted for esteemed clubs such as The Riviera Country Club, La Quinta Country Club, Lakeside Golf Club, Monterey Peninsula Country Club, The Springs Rancho Mirage, Thunderbird Country Club, Grey Oaks Country Club, El Caballero Country Club, River Bend Country Club, and Belle Haven Country Club. Their initiatives celebrate each club’s unique heritage and achievements, thus boosting club prestige – making them an essential ally in preserving and honoring a club’s legacy.

About Nicklaus Companies

For 50 years, the mission of Nicklaus Companies has been to enhance the golf experience and to deliver quality branded products and services on a global basis that mirror the high standards established in the career and life of its Founder, Jack Nicklaus.

The Nicklaus Companies businesses include golf-course design, the development of golf and real estate communities, and the marketing and licensing of lifestyle products worldwide under the iconic Jack Nicklaus^™ and Golden Bear^™ brands. Nicklaus Design, and their team of talented Master Designers, are recognized as the world leader in golf course design and has created over 439 courses worldwide, open for play in 47 countries and 40 U.S states.

Since 1968, Nicklaus courses have hosted over 300 PGA TOUR sanctioned events. In 2007, Jack Nicklaus partnered with Howard Milstein to further the growth of the company and expand the branded businesses. In addition to institutionalizing the Nicklaus brands for the future, Milstein has instilled a personal philosophy of “A Brand That Gives Back” with products and partners committing to donations to help the Nicklaus Children’s Health Care Foundation and other charities. A leading entrepreneur in the golf industry, Milstein also created 8AM Golf, a family of companies that also includes GOLF Magazine and GOLF.com, Miura Golf, Club Conex, True Spec Golf, GolfLogix, Fairway Jockey, 3’s, T-Squared Social (in partnership with Tiger Woods and Justin Timberlake), and Chirp.

All share a common mission to help players at all levels enjoy the game more. We leverage our winning heritage to achieve excellence, foster growth and champion social good. We activate modern strategies and techniques to enhance our customer’s lives and match the high standards set in the career and life of Jack Nicklaus.

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SOURCE Nicklaus Companies

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Dr. Richard Berger says with Minimally Invasive Joint Replacement Procedures Golfers Can Return to Play in 3 to 4 Weeks

CHICAGO, Nov. 13, 2024 /PRNewswire/ — According to the National Institutes of Health, up to 20 percent of hip and knee replacement patients are golfers. Many of their golfing peers, however, put off surgery. Instead, they struggle with joint pain because they believe surgery entails a six-month recovery — with no golfing allowed.

Teddy Koukoulis, a former pro golfer and golf coach from Winter Haven, Florida, says he paid the price after delaying knee replacement. Koukoulis began compensating because of the pain, which put stress on other body parts. This led to the development of bad golfing habits — especially with his swing.

“The pain was chronic, and the swelling was constant,” says Koukoulis. “I was still playing in Florida amateur tournaments, but when I wasn’t on the course, I lived with an ice bag on my knee.”

“Beyond the accepted back pain that most weekend golfers experience, knee pain/soreness often creeps in and robs your game of consistency, distance, and overall stamina,” says Joe Hallett, who is Koukoulis’ swing coach and PGA Teacher and Coach of 2024.  “Getting surgery when needed will relieve the pain and often improves your golf handicap.”

Koukoulis started doing research, and began consulting friends and acquaintances, who recommended Richard Berger, M.D. in Chicago because of his unprecedented minimally invasive procedure that allows patients to return to sports quickly and effectively.”

Dr. Berger is an orthopedic surgeon at Midwest Orthopedics at Rush and Assistant Professor at Rush University Medical Center and is known worldwide for developing a procedure that limits the cutting of muscle, ligaments or tendons.  Because of this, Dr Berger’s patients walk up the stairs and out the door the day of surgery and experience less pain and a much quicker recovery than those who have traditional replacement surgery.  For golfers, that means getting back on the course in record time.

Koukoulis had the procedure in October of 2023 and returned to 18 holes of golf in just three weeks after hearing that his swing was “tour quality” from Hallett.  That week he shot a 74. “My handicap has improved significantly,” Koukoulis admits. “I’ve been hitting the ball harder and recently won the club championship — something I wouldn’t have imagined five years ago.”

Since close to 50 percent of Berger’s patients are from outside of Chicago, Dr. Berger offers a special concierge program for out-of-towners who need hip and knee replacement. The BEST, Berger Elective Surgical & Telemedicine, involves virtual pre- and post-consultations, and pre-surgery classes. Patents save a substantial amount of time and money, because they attend meetings from the comfort of their own homes. The BEST allows for additional support since family members and caregivers can attend virtual meetings without traveling to Chicago.

For appointments with Dr. Richard Berger, or to learn more, visit www.outpatienthipandknee.com, or call (312)-432-2557.

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SOURCE Dr. Richard Berger

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HIGHLIGHTS

• Q3 Consolidated Revenues and Adjusted EBITDA were ahead of expectations.
• The Callaway brand maintained its #1 position in U.S. market share in total golf clubs and achieved record U.S. market share in golf ball.
• The Company further strengthened its available liquidity position to $863 million, increasing $129 million year-over-year.
• The Company reaffirmed its expectation for full year positive Adjusted Free Cash Flow for the total Company and Topgolf.
• The Company lowered full year 2024 revenue guidance to approximately $4.2 billion and Adjusted EBITDA to a range of $560 to $570 million. The Company maintained prior Topgolf revenue guidance of approximately $1.79 billion and increased Topgolf Adjusted EBITDA guidance to approximately $315 million.
• The Company continues to believe that separating Topgolf from the core business will create shareholder value and is fully engaged in this work.

CARLSBAD, Calif., Nov. 12, 2024 /PRNewswire/ — Topgolf Callaway Brands Corp. (the “Company” or “Topgolf Callaway Brands”, “we”, “our”, “us”) (NYSE: MODG) announced its financial results for the third quarter ended September 30, 2024.

“We are pleased to announce results that exceeded our expectations for Q3 amid a challenging macroeconomic backdrop,” commented Chip Brewer, President and Chief Executive Officer of Topgolf Callaway Brands. “Topgolf performed consistent with our revenue expectations and continued to show strong venue profitability despite the challenging sales environment. This allows us to maintain Topgolf’s prior revenue guidance and raise its EBITDA outlook for the year.  In our Golf Equipment segment, Callaway continues to lead, maintaining its overall #1 share in golf clubs and with 2024 trending to be the third consecutive year that Callaway has earned this top position. In our ball business, our strategic investments in this category and the rebranding of our premium golf ball line are delivering steady gains in both market share and manufacturing yield. Our U.S. golf ball market share established a new record level for the quarter. Meanwhile in Active Lifestyle both TravisMathew and Jack Wolfskin made progress towards their long-term business strategies. Furthermore, on the strategic front, we continue to believe that separating Topgolf from the core business will create shareholder value and we are fully engaged in this work.”

CONSOLIDATED RESULTS

The Company announced the following GAAP and non-GAAP financial results for the three and nine months ended September 30, 2024 and 2023:

NON-GAAP RESULTS

Non-GAAP results exclude certain non-cash and non-recurring adjustments as defined in the Additional Information and Disclosures section of this release. The Company has also provided a reconciliation of the non-GAAP information to the most directly comparable GAAP information in the schedules to this release.

THIRD QUARTER 2024 CONSOLIDATED RESULTS COMMENTARY

(All comparisons to prior periods are calculated on a year-over-year basis, unless otherwise noted)

The Company’s net revenue of $1,012.9 million decreased 2.7% year-over-year, primarily driven by an (11.1)% decrease in Active Lifestyle, as expected, which was partially offset by revenue growth at Topgolf of 1.2%. These results exceeded the Company’s guidance range, primarily due to the timing of shipments in its products businesses.

Net income decreased $33.3 million to a net loss of $3.6 million on a GAAP basis. Net income decreased $31.5 million to $4.3 million on a non-GAAP basis compared to the same period in the prior year. This result was due to a decrease in segment operating income as discussed below. Adjusted EBITDA of $119.8 million for the third quarter decreased 26.6% compared to the prior year, and was ahead of expectations due to better than expected revenue in the third quarter as well as strong venue profitability at Topgolf.

SEGMENT RESULTS

SEGMENT NET REVENUES

The table below provides net revenues by segment for the periods presented:

SEGMENT OPERATING INCOME

The table below provides operating income by segment for the periods presented:

THIRD QUARTER 2024 SEGMENT COMMENTARY

(All comparisons to prior periods are calculated on a year-over-year basis, unless otherwise noted)

Topgolf

• Segment revenue increased $5.5 million or 1.2%, to $453.2 million, driven primarily by new venues.
• Same venue sales declined 11%, which was roughly consistent with expectations.
• Segment operating income decreased $10.6 million, or (27.2)%, to $28.3 million due to increased depreciation related to new venues and lower same venue sales.
• Segment Adjusted EBITDA decreased $6.5 million, or (7.2)%, to $84.4 million, primarily due to lower same venue sales.

Golf Equipment

• Segment revenue increased $0.1 million to $293.5 million, slightly ahead of expectations primarily due to the timing of shipments in the products businesses.
• Segment operating income decreased $8.4 million, which was in line with our expectations and primarily due to increased freight costs.

Active Lifestyle

• Segment revenue decreased $33.3 million or 11.1% to $266.2 million, resulting primarily from lower European wholesale revenue at Jack Wolfskin, as expected.
• Segment operating income decreased $20.6 million due to the lower revenue and increased freight costs.

The following is a reconciliation of total segment operating income to income before income taxes for the periods presented:

2024 BALANCE SHEET HIGHLIGHTS

• Inventory decreased $70.1 million year-over-year to $666 million, driven by decreases in both the Active Lifestyle and Golf Equipment segments.
• Available liquidity, which is comprised of cash on hand plus availability under the Company’s credit facilities, increased $129.0 million, or approximately 18%, to $863 million compared to September 30, 2023.

 BUSINESS OUTLOOK

ADDITIONAL INFORMATION AND DISCLOSURES

Conference Call and Webcast

The Company will be holding a conference call at 2:00 p.m. Pacific time today, November 12, 2024, to discuss the Company’s financial results, outlook and business. The call will be webcast live on our investor relations website at https://www.topgolfcallawaybrands.com/news-and-events/presentations. A replay of the conference call will be available approximately two hours after the call ends. The replay may be accessed through the Investor Relations section of the Company’s website at https://www.topgolfcallawaybrands.com. 

Non-GAAP Information

The GAAP results contained in this press release and the financial statement schedules attached to this press release have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). To supplement the GAAP results, the Company has provided certain non-GAAP financial information as follows:

Constant Currency Basis. The Company provided certain information regarding the Company’s financial results or projected financial results on a “constant currency basis” or as “constant currency” results. This information estimates the impact of changes in foreign currency exchange rates on the translation of the Company’s current or projected future period financial results as compared to the applicable comparable period. This impact is derived by taking the current or projected local currency results and translating them into U.S. dollars based upon the foreign currency exchange rates for the applicable comparable period. It does not include any other effect of changes in foreign currency rates on the Company’s results or business.

Non-Recurring and Non-cash Adjustments. The Company provided information excluding the non-cash amortization of purchase accounting adjustments associated with acquired intangible assets, including acquired customer and distributor relationships and acquired developed technology related to the Company’s merger with Topgolf, acquisitions of Jack Wolfskin, TravisMathew and OGIO, and distribution rights in the Korea apparel market (collectively, the “Acquisitions”). While the amortization of acquired intangible assets is excluded from the calculation of non-GAAP net income, the revenue and operating costs associated with these acquired companies is reflected in non-GAAP net income calculations, as well as the acquired assets that contribute to revenue generation. For 2024, non-recurring items include charges related to restructuring and reorganization in the Active Lifestyle segment, currency translation adjustments for the dissolution of a foreign subsidiary, the 2024 debt repricing, a 2023 cybersecurity incident, impairment and abandonment of the Shankstars media game, costs incurred related to the separation of Topgolf, and IT integration and implementation costs stemming primarily from the merger with Topgolf. For 2023, non-recurring items include legal costs, credit agency fees, and losses associated with our 2023 debt modification, combined with IT integration and implementation costs stemming primarily from the merger with Topgolf, charges related to the impairment and abandonment of the Shankstars media game, costs related to a 2023 cybersecurity incident and restructuring and reorganization charges in our Topgolf and Active Lifestyle segments.

Adjusted EBITDA. The Company provides information about its results excluding interest, taxes, depreciation and amortization expenses, stock compensation expense, non-cash lease amortization expense, and the non-recurring and non-cash items referenced above.

Adjusted Free Cash Flow. The Company defines Adjusted Free Cash Flow as cash flows from operating activities, less capital expenditures net of proceeds from lease financing and net of proceeds from government grants.

In addition, the Company has included in the schedules attached to this release a reconciliation of certain non-GAAP information to the most directly comparable GAAP information. The non-GAAP information presented in this release and related schedules should not be considered in isolation or as a substitute for any measure derived in accordance with GAAP. The non-GAAP information may also be inconsistent with the manner in which similar measures are derived or used by other companies. 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. 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, and, in some cases, financial condition, of the Company’s business with regard to these items.

For forward-looking Adjusted EBITDA, non-GAAP diluted earnings per share, and Topgolf Adjusted EBITDA (together, the “Projected Non-GAAP Measures”) information provided in this release, reconciliation of such Projected Non-GAAP Measures to the most closely comparable GAAP financial measures are not provided because the Company is unable to provide such reconciliation without unreasonable efforts. The inability to provide a reconciliation is because the Company is currently unable to predict with a reasonable degree of certainty the type and extent of certain items that would be expected to impact net income in the future but would not impact the Projected Non-GAAP measures. These items may include certain non-cash depreciation, which will fluctuate based on the Company’s level of capital expenditures, non-cash amortization of intangibles related to the Company’s acquisitions, income taxes, which can fluctuate based on changes in the other items noted and/or future forecasts, and other non-recurring costs and non-cash adjustments. Historically, the Company has excluded these items from the Projected Non-GAAP Measures. The Company currently expects to continue to exclude these items in future disclosures of the Projected Non-GAAP Measures and may also exclude other items that may arise. The events that typically lead to the recognition of such adjustments are inherently unpredictable as to if or when they may occur, and therefore actual results may differ materially. This unavailable information could have a significant impact on GAAP financial measures.

Definitions

Same venue sales. The Company defines same venue sales for its Topgolf business as sales for the comparable venue base, which is defined as the number of Company-operated venues with at least 24 full fiscal months of operations in the year of comparison.

Forward-Looking Statements

Statements used in this press release that relate to future plans, events, financial results, performance, prospects, or growth opportunities, including statements relating to the Company’s (and its segments’) fourth quarter and full year 2024 guidance (including net revenues, Topgolf revenues, Adjusted EBITDA, Topgolf Adjusted EBITDA, non-GAAP diluted earnings per share, same venue sales growth, cash generation, Adjusted Free Cash Flow and diluted shares outstanding), our plans to pursue a separation of our Topgolf business, the timing and method of the separation, strength and demand of the Company’s products and services, continued brand momentum, demand for golf and outdoor activities and apparel, continued investments in the business, consumer trends and behavior, future industry and market conditions, foreign currency effects and their impacts, tax rates, the completion of any strategic transaction, and statements of belief and any statement of assumptions underlying any of the foregoing, are forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “estimate,” “could,” “would,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify forward-looking statements, which speak only as of the date the statements were made and are not guarantees of future performance. These statements are based upon current information and expectations. Accurately estimating the forward-looking statements is based upon various risks and unknowns, including uncertainty regarding global economic conditions, including relating to inflation, decreases in consumer demand and spending, and any severe or prolonged economic downturn; our ability to successfully execute planned and potential transactions, including our planned separation of Topgolf, and the potential to realize the expected benefits of such transactions in the expected timeframes or at all; our ability to satisfy the closing conditions to complete the separation on a timely basis or at all; our ability to satisfy the closing conditions to complete the separation on a timely basis, or at all; the Company’s level of indebtedness; continued availability of credit facilities and liquidity and ability to comply with applicable debt covenants; effectiveness of capital allocation and cost/expense reduction efforts; continued brand momentum and product success; growth in the direct-to-consumer and e-commerce channels; ability to realize the benefits of the continued investments in the Company’s business; consumer acceptance of and demand for the Company’s and its subsidiaries’ products and services; any changes in U.S. trade, tax or other policies, including restrictions on imports or an increase in import tariffs; future retailer purchasing activity, which can be significantly negatively affected by adverse industry conditions and overall retail inventory levels; the level of promotional activity in the marketplace; and future changes in foreign currency exchange rates and the degree of effectiveness of the Company’s hedging programs. Actual results may differ materially from those estimated or anticipated as a result of these risks and unknowns or other risks and uncertainties, including the effect of terrorist activity, armed conflict, natural disasters or pandemic diseases on the economy generally, on the level of demand for the Company’s and its subsidiaries’ products and services or on the Company’s ability to manage its operations, supply chain and delivery logistics in such an environment; delays, difficulties or increased costs in the supply of components or commodities needed to manufacture the Company’s products or in manufacturing the Company’s products; and a decrease in participation levels in golf generally. For additional information concerning these and other risks and uncertainties that could affect these statements and the Company’s business, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 as well as other risks and uncertainties detailed from time to time in the Company’s reports on Forms 10-K, 10-Q and 8-K subsequently filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

About Topgolf Callaway Brands

Topgolf Callaway Brands Corp. (NYSE: MODG) is an unrivaled tech-enabled Modern Golf and active lifestyle company delivering leading golf equipment, apparel, and entertainment, with a portfolio of global brands including Topgolf, Callaway Golf, TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World Golf Tour (“WGT”). “Modern Golf” is the dynamic and inclusive ecosystem that includes both on-course and off-course golf. For more information, please visit https://www.topgolfcallawaybrands.com. 

Investor Contact

Katina Metzidakis

[email protected] 

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SOURCE Topgolf Callaway Brands Corp.

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New launch monitor with color touchscreen and three high-speed cameras offers more accurate club and ball measurements so golfers can tee up for a full round, rain or shine

OLATHE, Kan., Nov. 12, 2024 /PRNewswire/ — Garmin (NYSE: GRMN) today announced the all-new Approach^® R50 premium launch monitor and golf simulator, allowing golfers the luxury of teeing it up 365 days a year on their home setup or at any driving range. The Approach R50 features a 10″ built-in, color touchscreen display and more than 43,000 preloaded golf courses worldwide with an improved version of Home Tee Hero¹. Utilizing three different cameras, the launch monitor can track more than 15 ball and club metrics², including measured spin rate and spin axis. It can also provide precision analytics for every club – from the driver to the putter – and deliver high-speed impact videos so players can review a close-up look at their contact for each shot.