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Topgolf Stock Sinks. Blame Rough Guidance.

Por: MarketWatch Business November 09, 2023

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When the company third-quarter earnings after the close Wednesday, it said full-year 2023 consolidated net revenue will be between $4.24 billion and $4.26 billion. It also cut its outlook for adjusted earnings per share and Topgolf same venue sales growth. “We are lowering our forward guidance and taking decisive action to lower both costs as well as capital expenditures,” said President and CEO Chip Brewer in the earnings release. The... + full article



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