Topgolf Callaway: Q4 Preview, A Costly Mistake With No Clear Turnaround - 'Sell'

Group 1 - The merger of Topgolf Callaway Brands Corp. was completed during the pandemic golf boom, leading to significant growth for the company [1] - Topgolf contributed approximately 40% of the overall revenue of the newly formed company [1] - Economic conditions normalized in FY23, resulting in tightening that may impact future performance [1]