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Saturday, June 22, 2024

Brooks Running Sprints to Record Revenue

  • Brooks Running reported a $1.2 billion in global revenue for 2022.
  • Fourth-quarter sales jumped 26% year-over-year.
Two runners, wearing Brooks Running apparel and footwear, jogging on a road in the desert.
Brooks Running

A year after setting a personal best, Brooks Running has topped itself again.

The running shoe and sports apparel company reported a record $1.2 billion in global revenue for 2022, a 6% year-over-year increase from 2021, when it crossed $1 billion for the first time. Fourth-quarter sales jumped 26% year-over-year.

The company said it became the top brand in adult performance running footwear at U.S. retail, finishing the year with 21% market share. Revenue grew 15% in the Europe, Middle East, and Africa region, 33% in the Pacific and Latin America region, 24% in Australia, and 21% in China.

In 2022, Brooks launched e-commerce sites in six additional countries and invested in new U.S. and U.K. distribution centers.

Its loyalty program — Brooks Run Club — hit nearly a quarter-million memberships.

“In 2022, Brooks overcame economic and supply chain headwinds to gain new customers across all categories including running, walking, hiking, and more,” said Brooks Running CEO Jim Weber.

Brooks plans to deepen its investments in “youth running and developing elite athletes” in 2023, as well as launch new carbon-neutral products. Last year, the company announced plans to achieve net-zero carbon emissions by 2040.

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