With a record number of new golfers teeing off in 2020, Callaway, the maker of golf balls, clubs, bags and apparel, has been thriving.
Callaway announced in May first-quarter net revenue of $652 million, a 47% increase from a year earlier.
In March, the company completed its merger with golf entertainment business Topgolf, which combines virtual driving ranges with food and cocktails.
It creates an entity that doesn't really replicate anything that currently exists, with the leader in golf equipment merging with the leader in golf entertainment," said Callaway CEO Chip Brewer.
But with movie theaters, travel and concerts expected to rebound, will golf club-makers like Callaway and its rival Acushnet be able to maintain their momentum?
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