TaylorMade-adidas Golf
This unit of Adidas consists of Taylor Made clubs and balls, Adidas golf footwear and apparel, and Maxfli balls
In 2005, Adidas acquired Reebok for $3.8 billion. The acquisition included the Greg Norman Collection (GNC)apparel business which was incorporated into the TaylorMade-adidas Golf division. In November of 2006, Adidas then sold GNC to MacGregor Golf. Bottom line, the revenue numbers for the unit are skewed by the addition of this revenue and then subsequent loss of it.
Adidas also doesn't release quarterly numbers. They issue year-to-date updates.
adidas Group Nine Months 2007 Results
At TaylorMade-adidas Golf, currency-neutral revenues decreased 1%, negatively impacted by the divestiture of the GNC wholesale business. On a like-for-like basis, TaylorMade-adidas Golf sales increased 8%.
TaylorMade-adidas Golf[2]
First 9 Months 2007 Revenue: $609 million Euros
First 9 Months 2006 Revenue: $658 million Euros
Change y-o-y in euro terms (8%)
Change y-o-y currency-neutral (1%)
[2] Including Greg Norman apparel business from February 1, 2006 to November 30, 2006.
adidas Group First Half 2007 Results
At TaylorMade-adidas Golf, currency-neutral revenues decreased 3%, negatively impacted by the divestiture of the GNC wholesale business. On a like-for-like basis, sales increased 5%.
TaylorMade-adidas Golf[2]
First Half 2007 Revenue: $419 million Euros
First Half 2006 Revenue: $464 million Euros
Change y-o-y in euro terms (10%)
Change y-o-y currency-neutral (3%)
[2] Including Greg Norman apparel business from February 1, 2006 to November 30, 2006.
adidas Group First Quarter 2007 Results
At TaylorMade-adidas Golf, currency-neutral revenues decreased 4%. On a like-for-like basis, excluding prior year GNC sales, however, sales increased 5%. Currency translation effects negatively impacted sales at all brands in euro terms.
TaylorMade-adidas Golf[2]
Q1 2007 Revenue: $180 million Euros
Q1 2006 Revenue: $201 million Euros
Change y-o-y in euro terms (10%)
Change y-o-y currency-neutral (4%)
[2] Including Greg Norman apparel business from February 1, 2006 to November 30, 2006.
2006 Results
At TaylorMade-adidas Golf, currency-neutral revenues increased 22%. This strong performance was driven by solid growth in nearly all major product categories. Further, the inclusion of the Greg Norman apparel business, which was acquired as part of the Reebok acquisition, also had a positive impact on the Group’s sales development. Excluding the Greg Norman apparel business, segment sales increased 13% on a currency-neutral basis.
TaylorMade-adidas Golf[3]
2006 Revenue: $856 million Euros
2005 Revenue: $709 million Euros
Change y-o-y in euro terms 21%
Change y-o-y currency-neutral22%
[3] Including Greg Norman apparel business from February 1, 2006 to November 30, 2006. Excluding Greg Norman wholesale business from December 1, 2006 onwards.
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