The Berkshire Hathaway-owned brand topped $1.11 billion in revenues last year, up 31% from 2020 driven by sustained demand for running shoes and apparel, a boom in the sport that started during pandemic lockdowns. Pairs sold were up 25%, with the balance of the increase coming from higher ASPs. North America was up 33%, driven by growth in direct-to-consumer e-commerce sales that grew 149% on a two-year stack. EMEA was also called out for solid results with a 25% sales increase, despite persistent Covid-related store closures in Europe. In total, about 40% of revenues came from online sales, evenly divided ... Log in to view full article.