Companies

Brooks Running delivers record quarterly revenue

May 14, 2024 United States

The Seattle-based company has posted “the highest quarterly results” in its history, with first quarter revenue up by 9% on the same period of last year. E-commerce business grew by 22% year-over-year

“Brooks’ runner-first strategy and execution continue to drive success for our brand on a global scale. We're working hard to deliver what runners and active people need and want from their gear, and we service them well wherever they choose to engage with our brand and team. This is what sets Brooks apart”, commented Dan Sheridan, Brooks CEO.

In North America, Brooks’ sales increased by 13% in the first quarter, as compared to the prior year, maintaining the brand’s number one position in the adult performance running footwear market in US national retail for the ninth consecutive quarter and regaining the number one position in the US speciality footwear segment.

The company also gained momentum in key global markets during the quarter, with first quarter revenue growth in Asia Pacific and Latin America. Of particular note was the significant growth in Australia and China, up by 38% and 180% respectively year-over-year.

Brooks Running highlighted that maintained its pace of innovation across footwear and apparel categories during the first quarter of 2024, “in what will be a record year for product introduction”: the brand launched six new footwear styles, which contributed to a 10% growth in footwear sales year-over-year.

Image Credits: businesswire.com

United States Brooks Running Footwear Quarter Results Results Sportswear