Friday, May 4, 2012
TaylorMade-Adidas Golf Company Records Highest Quarterly Revenue In Company History
Stellar Q1 powered by high demand for RocketBallz Metalwoods, which drove record-breaking market share
Carlsbad, Calif. (May 3, 2012) - TaylorMade-adidas Golf, the largest and most profitable golf equipment, apparel and footwear company in the world, today announced record sales of $508 million globally in the first quarter of 2012, a 32% increase on a currency-neutral basis over the prior year.
The success was driven by its 2012 product lineup, with all key categories growing at a double-digit rate. In the competitive metalwood category, TaylorMade saw particularly strong global sales, up 28%, fueled by high demand for the new line of RocketBallz and R11S metalwoods. Irons recorded outstanding growth, with sales increasing 63% in the quarter. Additionally, double-digit sales growth in other categories - putters (+17%), balls (+21%), footwear (+32%), apparel (+10%) and triple-digit growth in bags (+116%) - supported the stellar sales performance. These were just some of the highlights from the quarter's strong performance, which enabled TaylorMade-adidas Golf to almost double its operating profit compared to a year ago.
In February, TaylorMade-branded metalwoods set a new industry record for U.S. monthly market dollar share at 52%1). In irons, TaylorMade continues to solidify itself as No. 1 in U.S. market share1) for the 15th consecutive month.
"The consumer response to our products has been incredible and has catapulted our company into uncharted waters," said Mark King, President and CEO. "As golfers ourselves, it's extremely gratifying to bring products to market that golfers are excited about buying, and keeps us motivated to keep doing what we're doing."
1) Golf Datatech, February 2012, dollar share, on/off course
About the adidas Group
The adidas Group is one of the global leaders within the sporting goods industry, offering a broad range of products around the core brands: adidas, Reebok, TaylorMade, Rockport and Reebok-CCM Hockey. Headquartered in Herzogenaurach, Germany, the Group has more than 46,000 employees and generated sales of over € 13 billion in 2011.
About TaylorMade-adidas Golf
Headquartered in Carlsbad, California, TaylorMade-adidas Golf Company sells golf clubs, balls clothing and accessories under the TaylorMade, adidas Golf and Ashworth brands. TaylorMade-adidas Golf Company posted 2011 sales of over € 1.0 billion.