Net income increased 15% to $105.4 million from $91.7 million in the second quarter ended June 30, on total revenues that grew 22% to $1,115.7 million from $913.6 million with all three segments—Topgolf, Golf Equipment, and the newly named Active Lifestyle (previously apparel, gear and other)—reporting double-digit sales gains. Callaway said pricing and other business improvement implemented during H1 have enabled the company to “outrun the ubiquitous inflationary pressures, unfavorable foreign currency exchange rates and staffing challenges.”

Driven by strong social and corporate events, Topgolf’s quarterly operating income increased 83% to $44.2 ... Log in to view full article.