Brooks Running Eyes Return to Double-Digit Growth In 2024
November 1, 2023
Brooks Running’s global revenue grew 5 percent in the first nine months of 2023, with North America revenue increasing 7 percent.
The Seattle, WA-based running brand, owned by Berkshire Hathaway, reported it remains the leading running footwear brand across U.S. retail and forecasted a return to double-digit growth in 2024.
In a statement, Brooks said that to date in 2023, it had “reached new runners, recovered from COVID-19-related supply chain disruptions, and normalized inventory levels amidst global economic headwinds. The return of Brooks’ full product and innovation pipeline, coupled with the record-breaking launch of Brooks’ new Ghost Max shoe in late September, drove the brand’s gains and bolstered confidence for double-digit growth in 2024.” SGB Media