Callaway Sees Q1 Gains in All Segments
Net income was cut 68% to $86.7 million down from $272.5 million last year that included a one-time gain last year on the Topgolf investment, on revenues that were up 60% to $1,040.2 million over $651.6 million, including one month of Topgolf in the prior year period. Revenue was up 31% on a pro forma basis including Topgolf for the full Q1 ’21. Excluding one time events last year, profits were up 13% from $77.0 million. The top line saw product revenue improve 29% to $722.4 million, while Topgolf pushed service ... Log in to view full article.