28 Feb '17, 5pm

NY Post Paints a Grim Picture of TaylorMade’s Business https://t.co/I8rqMIX4V2

TaylorMade has an Epic Problem A few days ahead of the release of the adidas-Group’s 2016 annual report, Josh Kosman of the New York Post has offered up a brutal and likely accurate look at the state of the TaylorMade Golf Business and its potential sale. I would encourage you to read the article in its entirety, but here are a couple of the key points from the Post’s story. TaylorMade is losing an estimated $75-100MM per year. TaylorMade’s annual sales are just a bit above $500 Million today. Kosman’s loss figures are close to what we’ve been told. $75 million is certainly a solid ballpark 2-year average. Despite a fair amount of cost-cutting measures, TaylorMade is deep in the red, and that’s still not sitting well with adidas shareholders. $500 million is less than a third of the $1.7 Billion in sales TaylorMade did in 2013, so we're talking about a rapid and substantia...

Full article: https://www.mygolfspy.com/ny-post-paints-a-grim-picture-o...

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