For the second consecutive quarter, Brooks Running reports that it held the top spot in the US adult performance running footwear market with 21% market share based on revenue. In Q2 2022, the run shoe firm maintained its momentum with record global revenue, up 11% year on year.
Brooks reportedly captured five of the top 25 adult performance running footwear shoes at US retail in the first half of 2022: the Ghost 14, Adrenaline GTS 22, Adrenaline GTS 21, Revel 5, and Glycerin 19.
The company added that the Ghost and Adrenaline maintained their positions as the top two selling franchise lines in the US market, with a combined 14% of sales revenue.
“We’ve seen great excitement over our revolutionary nitrogen-infusion technology and the launch of our Glycerin 20 franchise, and we look forward to bringing the carbon neutral Ghost 15 to runners this November,” said Brooks CEO Jim Weber.
“By spreading the run and its energy to an even greater number of individuals across the globe, Brooks has captured double-digit growth with more to come in the second half of this year.”
Brooks noted that the running market around the world continues to normalize after the COVID-19 pandemic’s disruptive impact on consumer behaviour, retail markets, and the supply chain.
While the running footwear market in the US was down 10% in Q2 versus last year, Brooks reports that its long-term growth outlook remains positive as global participation is expected to grow coming out of the pandemic, outpacing historical trends.
Manufacturing recovery allowed Brooks to fully meet demand beginning in May and launch the Glycerin 20 franchise in June – both seen as key factors in achieving 12% revenue growth in the US and 38% revenue growth in the Europe, Middle East, and Africa regions in the second quarter.
Brooks also began a soft launch into the China market in Q2, focusing on digital sales. With over 20 million people in China running, the country represents a large market for premium running footwear, with over US$1.5 billion in sales and 13 million pairs reportedly sold annually.
