Topgolf Callaway: Split Incoming, Stock Wobbles

Topgolf Callaway plans to split off its entertainment business into a separate public company by 2025, aiming to boost shareholder value by separating it from the slower-growing golf equipment division. Despite a recent sales dip at Topgolf venues, cost-cutting measures and optimism about future consumer spending led to an initial stock jump, though gains were modest and the stock remains volatile, down significantly from its peak last October. Investors are watching to see if this strategic shift can revitalize the company's long-term growth. Hosted on Acast. See acast.com/privacy for more information.