Topgolf Callaway’s share price took a hit after its first quarter earnings call, which spooked investors with the prospect that spending on Topgolf events may be under pressure, as corporate entertainment budgets get trimmed. The venue operator’s CEO, Artie Starrs, made the case in a virtual investor presentation that growth is meeting or exceeding the targets set in MODG’s 2021 investor day. Despite some softness in the corporate event business, walk-in and smaller, two-bay event sales are very strong, Starrs averred, supporting guidance for a mid- to high-single-digit same venue comp ... Log in to view full article.