Broadly higher profitability across sectors was pulled down by a 10-digit writedown at Topgolf Callaway that resulted in total net income of $2,873.3 million, up from $2,830.5 million on 4% higher revenues of $60,675.7 million against $58,567.6 million at the 50 public companies we track. Apparel, diversified, footwear, and retail sectors all inked solid profit gains, and the equipment sector would also have been positive, save for MODG. Better revenues were reported by 54% of companies, while 60% saw bottom-line improvement. Return on Sales was 4.7%, down 10 basis points from ... Log in to view full article.