Darren's golf Suppliers is a private-equity owned wholesale distributor of golf clubs, apparel, and accessories....
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Accounting
Darren's golf Suppliers is a private-equity owned wholesale distributor of golf clubs, apparel, and accessories. In 2020, the company implemented various measures to help drive sales growth vs prior years. It is now January 2021. You have been engaged to help stakeholders better understand 2020 results vs. the prior year. The company has provided you with the information on the "Sales Data" tab as a starting point for the analysis. Your key objectives are now to:
1. Summarize changes in financial performance from 2019 to 2020
2. Create a financial bridge / walk that breaks out key drivers of YoY changes to gross margin percentage and gross margin dollars (including exec-level commentary that the CFO can leverage when presenting findings to the Board of Directors)
3. Identify any YoY brand or customer-level trends that warrant further investigation and list out additional data points that should be requested in order to better understand the financial performance of the business
4. Summarize potential next steps / actions that mgmt. should consider taking in order to drive future profitability
Customer Name
Brand Name
Sales Year
Sales Month
Net Sales
Net Cost
Golfer's Warehouse
Bag Boy
2019
Jan
$ 237,732
$ (176,397)
Golfer's Warehouse
Bag Boy
2019
Jan
$ 183,093
$ (142,044)
PGA Galaxy
Srixon
2019
Jan
$ 180,420
$ (154,506)
Rock Bottom Golf
PING
2019
Feb
$ 177,471
$ (119,665)
PGA Galaxy
Bridgestone Golf
2019
Feb
$ 311,160
$ (202,254)
PGA Galaxy
Titleist
2019
Feb
$ 172,320
$ (149,938)
The Golf SuperStore
Titleist
2019
Feb
$ 169,432
$ (147,419)
PGA Galaxy
Mizuno
2019
Feb
$ 150,532
$ (109,918)
Joe's Sporting World
Titleist
2019
Mar
$ 138,626
$ (120,620)
PGA Galaxy
Srixon
2019
Mar
$ 124,503
$ (106,624)
The Golf SuperStore
Titleist
2019
Mar
$ 115,105
$ (99,877)
Golfer's Warehouse
PING
2019
Mar
$ 113,141
$ (79,157)
PGA Galaxy
Srixon
2019
Mar
$ 101,840
$ (87,103)
Golfer's Warehouse
Bag Boy
2019
Mar
$ 101,203
$ (75,275)
Joe's Sporting World
TaylorMade
2019
Apr
$ 259,262
$ (226,455)
Rock Bottom Golf
ECCO
2019
Apr
$ 96,783
$ (69,730)
Golfer's Warehouse
Titleist
2019
Apr
$ 89,054
$ (63,537)
Golf Tec
Odyssey
2019
Apr
$ 88,559
$ (66,722)
Preppy Boy Sports
Cleveland
2019
Apr
$ 82,133
$ (68,083)
Golf Tec
Garmin
2019
Apr
$ 81,123
$ (61,695)
Rock Bottom Golf
PING
2019
Apr
$ 77,191
$ (53,489)
PGA Galaxy
Bridgestone Golf
2019
Apr
$ 127,974
$ (83,183)
The Golf SuperStore
Titleist
2019
May
$ 67,949
$ (59,122)
Golfer's Warehouse
PING
2019
May
$ 67,005
$ (47,126)
Golfer's Warehouse
PING
2019
May
$ 65,760
$ (44,677)
Rock Bottom Golf
TaylorMade
2019
May
$ 164,598
$ (138,762)
The Golf SuperStore
Bridgestone Golf
2019
May
$ 110,411
$ (71,767)
Golf Tec
Garmin
2019
May
$ 58,437
$ (44,441)
Rock Bottom Golf
ECCO
2019
May
$ 57,789
$ (41,636)
The Golf SuperStore
Odyssey
2019
May
$ 56,778
$ (42,279)
Golfer's Warehouse
Maxfli
2019
Jun
$ 56,305
$ (43,168)
The Golf SuperStore
Srixon
2019
Jun
$ 54,910
$ (47,023)
Golfer's Warehouse
Srixon
2019
Jun
$ 54,653
$ (39,085)
Joe's Sporting World
Titleist
2019
Jun
$ 54,458
$ (47,385)
PGA Galaxy
Srixon
2019
Jun
$ 53,487
$ (45,805)
Golf Tec
Titleist
2019
Jun
$ 52,830
$ (39,390)
Joe's Sporting World
Titleist
2019
Jul
$ 51,198
$ (44,548)
Olympus Golf
Slazenger
2019
Jul
$ 51,063
$ (36,335)
Marathon Sports
Odyssey
2019
Jul
$ 50,985
$ (37,961)
PGA Galaxy
Mizuno
2019
Jul
$ 50,903
$ (37,169)
Golf Tec
OGIO
2019
Aug
$ 50,226
$ (40,080)
Roger Dunn Golf Shops
PING
2019
Aug
$ 48,806
$ (34,139)
Joe's Sporting World
TaylorMade
2019
Aug
$ 125,255
$ (109,406)
The Golf SuperStore
Titleist
2019
Aug
$ 47,310
$ (41,105)
Golfer's Warehouse
Maxfli
2019
Sep
$ 47,308
$ (36,310)
Marathon Sports
Titleist
2019
Sep
$ 46,960
$ (33,505)
Golfer's Warehouse
Maxfli
2019
Sep
$ 46,899
$ (35,964)
Golf Tec
Odyssey
2019
Oct
$ 46,350
$ (36,071)
Golfer's Warehouse
PING
2019
Oct
$ 46,178
$ (31,432)
PGA Galaxy
True Temper
2019
Oct
$ 46,041
$ (35,341)
The Golf SuperStore
Bridgestone Golf
2019
Nov
$ 82,649
$ (53,722)
Preppy Boy Sports
OGIO
2019
Nov
$ 45,518
$ (37,053)
Golfer's Warehouse
Titleist
2019
Nov
$ 45,432
$ (32,415)
PGA Galaxy
Bushnell
2019
Dec
$ 33,786
$ (26,995)
Golfer's Warehouse
GolfBuddy
2019
Dec
$ 45,005
$ (36,378)
PGA Galaxy
Bridgestone Golf
2019
Dec
$ 80,800
$ (52,520)
Rock Bottom Golf
TaylorMade
2019
Dec
$ 115,823
$ (99,352)
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