Brooks Running’s revenue rose 5 per cent to a record $1.2 billion in FY23, with more than 20 million units sold.

The brand also secured the top spot in the US’s adult performance running footwear market in 2023 with 21 per cent market share.

Since 2018, the company’s compound annual growth rate has exceeded 14 per cent.

“US retail is healthy across channels and participation continues to grow worldwide as more people discover the physical, mental, and social benefits of putting one foot in front of the other,” said Jim Weber, Brooks CEO. 

Sales in North America were up 7 per cent to $1 billion, with US revenue in wholesale footwear growing 5 per cent.

In Europe, Brooks’ year-over-year growth outpaced adult performance running footwear retail sales in regional markets, highlighted by the brand’s 15 per cent growth in France.

Direct-to-consumer sales in China surged 194 per cent. The company is also planning to open retail stores in the market this year to reach more customers.

“Our multichannel operational execution and runner-first approach helped us navigate headwinds created by supply chain disruptions in 2022 as well as economic uncertainty in Europe,” commented Dan Sheridan, president and COO at Brooks.

For FY24, the company plans to build on demand with product launches and innovations across all core footwear offerings. There will be new styles, fits, support options, and colorways to reach more runners, fitness enthusiasts, and walkers seeking performance products.

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