Callaway Golf rung up record financial results for its seasonally strong second quarter, led by Topgolf’s continued rebound from the pandemic and resilient demand from avid golfers who are shrugging off higher prices. Those results beat Wall Street analysts forecasts of $1.1 billion in revenue and earnings of 42 cents per share. AdvertisementIndustry watchers were concerned, however, that golf would begin to lose players again as inflation squeezes discretionary spending. “Earlier this year there was a lot of concern about a reversion in golf consumption,” said Brewer in a conference call with investors. Topgolf revenue increased 24 percent to $404 million in the quarter.

Source: thestar August 05, 2022 10:08 UTC