Brooks Running's record Q1
Brooks Running achieved record revenue in Q1 2024 with sales up 9% YoY.
The performance running brand noted consistent execution of its multichannel strategy and accelerated product innovation pipeline delivered results as inventories remained healthy and the running category experienced global growth.
Brooks finished 2023 with record revenue of $1.2 billion, up 5% YoY, and a record 20 million-plus units sold. Despite the mid-single-digit gain for the year, Brooks announced that its compound annual growth rate (CAGR) exceeded 14% since 2018, and its U.S. business was approximately $1 billion last year.
In Q1, the brand launched six new footwear styles, contributing to 10% growth in footwear sales YoY, which the company said would be a record year for product introductions.
