Financial Year 2021 Results

The growth was driven by the continued focus on the consumer omnichannel experience and development of the direct-to-consumer (DTC) strategy. The positive performance for the year across all geographies confirms a return to strong growth momentum following the severe disruption to retail and supply chains resulting from COVID-19 restrictions.  

FY2021 Key highlights: 

• Sales up 46% on two-year stack, driven by acceleration of DTC sales and obsessive focus on consumers, product and purpose. 
• Strong performance across all geographies and channels with the Americas (111% vs 2019) and EMEA (24% vs 2019) regions’ revenue growth rising sharply over 2021 and Asia Pacific experiencing a solid rebound
• Outstanding growth in online sales, up 328% over the last two years 
• hift to wholesession model, made possible by leading position in sneaker category, obsession with consumer experience and high-quality partnerships with few, strategic wholesale accounts 
• Net Working Capital improvement, driven by efficient supply chain management 
• Strong operating cash flow, resulting in sharp decrease in net leverage ratio