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Article Date: August 2021
Word Count: 668

Callaway Top Line Triples with Topgolf


Net income rebounded to a $91,744,000 profit in the second quarter from a loss of $167,684,000 last year, as incremental Topgolf revenues and product sales that nearly doubled sent the top line up 208% to $913,641,000 from $296,996,000. The prior year quarter included a $174.3 million charge for Jack Wolfskin that was triggered by the steep falloff in apparel sales due to the pandemic. Business is much better now, however, and ELY expressed confidence in its market position, with equipment sales never stronger, apparel recovering and Topgolf venues providing a gateway to the sport to drive future on- and off-course ... Log in to view full article.

 


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