Having found a buyer for Jack Wolfskin and still working to sell or spin off Topgolf later this year, MODG’s Q1 total profits slipped 68% to $2.1 million from $6.5 million, on 5% lower revenues of $1,092.3 million against $1,144.2 million, with all segments down. Adjusted EBITDA improved 4% to $167.3 million. The U.S. market contracted 5% to $790.4 million, reflecting slightly lower rounds played due to weather. Europe was down 8% (-6% CC) to $130.1 million, Asia inched up 1% (+4% CC) to $128.8 million, and Rest of World fell ... Log in to view full article.