March 2, Joe Preston, chairman and CEO of US sportswear brand New Balance, noted on his LinkedIn that 2022 had been a “remarkable year” for New Balance by nearly any measure: New Balance recorded $5.3 billion in revenue for 2022, up 21% from the previous year and a new record, with sales growth in every region despite challenging headwinds.
Originally founded in 1906, New Balance has been making running shoes since 1938. In 2000, New Balance reached the $1 billion revenue milestone. It has managed to double its sales in the last 10 years.
In an interview with Yahoo Financ …
