TOPGOLF Callaway Brands Corp tumbled by the most since October 2020 after the company cut its profit forecast for the year, signalling that interest in golf is cooling following a pandemic-fuelled surge.
Shares in the American company, which generates most of its revenue from golf equipment and apparel, plunged 13%, agencies reported.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
