Reported 3 days ago
Topgolf Callaway's shares surged by 8.8% after beating revenue and earnings expectations. The company reported a slight 4.1% revenue drop to $1.11 billion and improved performance in both its core golf equipment business and Topgolf segment, aided by pricing changes. Despite a postponed spinoff of Topgolf due to the resignation of its CEO, management raised its revenue guidance, highlighting enhanced consumer interest and cost-saving measures.
Source: YAHOO