Brooks Achieves Highest Quarterly Results in the Brand's History in Q1 [Yahoo! Finance]
Nike, Inc. (NKE)
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Source: Yahoo! Finance
Brooks Refreshes Branding, Releases 'Let's Run There' Campaign Designed to Inspire People to Get Active Brooks Running is continuing its growth in the first quarter after a record 2023 In the first quarter of 2024, the Seattle-based performance running brand reported a 9 percent year-over-year increase in revenue. This marks the company's highest quarterly results in the brand's history, Brooks said in a statement. In an interview with FN, Brooks' new chief executive officer Dan Sheridan said that North America led Q1's growth. “We had really healthy growth in the U.S., which saw sales grow 13 percent this quarter. Wholesale in the region also grew double digits.” Sheridan noted that the company's consistent execution of its multichannel strategy could be seen in its global e-commerce business, which was up 22 percent in the first quarter compared to Q1 2023, with 38 percent year-over-year growth in March alone. Brooks also gained momentum in key global markets this quarter
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