MODG’s plans to spin or sell Topgolf will likely be delayed until 2026 by Artie Starrs’ departure at the end of Q3, but second-quarter results came in better than expected, with revenues down 4% to $1,110.5 million from $1,157.8 million and profits down by two-thirds to $20.3 million from $62.1 million. Adjusted EBITDA was $195.8 million against $205.6 million. Sales in the U.S. market slipped 3% to $862.2 million, Europe was down 8% (-13% CC) to $105.3 million, Asia dropped 9% (-12% CC) to $99.8 million, and Rest of World was ... Log in to view full article.