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Topgolf Callaway Brands Corp. (NYSE: MODG) Announces Strategic Split: Callaway and Topgolf to Operate as Separate Entities
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Highlights
Topgolf Callaway Brands Corp. (NYSE: MODG) is a golf and active lifestyle company. It has a market cap of USD 1.98bn.
In the second quarter of FY24, the company posted a decrease in net sales and net income of approximately 1.9% and 47.1%, respectively. The drop in sales was largely attributed to an 8.2% decline in golf equipment sales, which stemmed from a strategic adjustment in the timing of equipment launches.
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