Missing revenue from the divested Jack Wolfskin business sent MODG’s top line down 8% in the third quarter to $934.0 million from $1,012.9 million, while the net loss quadrupled to $14.7 million from a loss of $3.6 million a year ago. Excluding JW, revenues were up 3%, as both Topgolf and the equipment business posted sales growth. Adjusted EBITDA was off 5% to $114.4 million. Revenues from the U.S. market increased 4% to $749.9 million, but Europe and Asia were down 69% and 36%, respectively, due to Jack Wolfskin, tallying $67.7 ... Log in to view full article.