Topgolf Boosts Guidance Amid Record Revenue, Promotions Draw in Customers

Topgolf Callaway Brands Corp. exceeded revenue expectations due to increased promotions such as frozen margaritas and half-off golf during the week. The company's full-year revenue for the Topgolf unit is now expected at $1.74 billion, beating analyst estimates of $1.72 billion. Shares rose as much as 9.4% in post-market trading. The spinoff of the Topgolf unit could be delayed to next year following the departure of its CEO.