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Why Have Investors Soured on Topgolf Callaway Stock?

Why Have Investors Soured on Topgolf Callaway Stock?

You might know Topgolf Callaway Brands (NYSE: MODG) as a leader in golf equipment sales. As the company opens up more Topgolf locations and grows Topgolf revenue, its consolidated business becomes less reliant on the cyclical golf equipment industry. Topgolf Callaway now has three operating segments: golf equipment, Topgolf, and apparel.