Topgolf Sent Callaway Into the Rough

Duffers are ruining things for Topgolf Callaway MODG -2.51%.

Serious golfers are reliably showing up on golf courses, spending money on their equipment and golf balls. But recreational players are no longer as keen on shelling out some $70 an hour on a driving range for fun these days. This has been just one of many problems plaguing the company since it bought recreational driving-range operator Topgolf.

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