Brooks Running just had a runaway quarter.
Third quarter sales for the Berkshire Hathaway (BRK.A - Get Report) (BRK.B - Get Report) owned footwear brand spiked 14% from the prior year. Brooks saw a good bit of success with two new offerings in the Ghost and Adrenaline GTS, which grew sales by 39% and 30% respectively. Despite challenges in the performance footwear category, Brooks maintained its number one market share in running specialty accounts for the twelve-months ended June 2017 according to NPD Group.
Considering the competition from Nike (NKE - Get Report) , Under Armour (UA - Get Report) and Adidas (ADDYY) the results aren't too shabby. Brooks Running CEO James Weber tells TheStreet the company's success could be boiled down to an obsessive focus on runners.
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