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Published · transcript-backed

Ben Gilbert: prediction

16 May 2022 Acquired Arena Show Part II: Brooks Running (with CEO Jim Weber)

“I think that's the last time Brooks has taken outside capital.”

— Ben Gilbert

Source trail

Everything needed to verify it.

Speaker
Ben Gilbert
Attribution
Verified speaker
Claim type
prediction
Recorded
16 May 2022
Publisher
Acquired

Transcript context

…To recapitalize it. I think that's the last time Brooks has taken outside capital. Absolutely. We saw a higher margin business and we benchmark against all the public companies. We’re asset-light, it's really an inventory and receivables business, and there's a reason we only have one store at our headquarters. We think it's an advantage for us right now in the development of our brand. But if you have high margins and good flow through operating profits in the teens and you're incremental, obviously capital, you can flow cash growing 20%, 30%, 40%. We haven't needed dollar of capital since 2001.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

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