Topgolf Callaway Brands' stock slides on fears that pandemic-era golf boom may be tailing off [Breaking]
Shares of Topgolf Callaway Brands — formerly Callaway Golf — slid this week on investor concerns that pandemic-era demand for golf equipment may be beginning to fade.
Shares of Topgolf Callaway Brands dipped nearly 19 percent over the past two trading days. They closed at $17.59 Thursday on the New York Stock Exchange. Topgolf Callaway brands reported first-quarter sales of $1.17 billion, up 12 percent from the same quarter last year. Its adjusted net income came in at $33 million, or 17 cents a share — down 53 percent from the same quarter a year before.
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