March 28, 2023 – Financial Times announced “The Americas’ Fastest Growing Companies 2023” ranking, and Xero Shoes ranked No. 203 on the list, reporting a compound annual growth rate of 283 percent.
This is the second year for Xero Shoes to be named to “The Americas’ Fastest Growing Companies 2023” ranking, which lists the top 500 companies in the Americas that have achieved the highest compound annual growth in revenues between 2018 and 2021. Xero Shoes’ net revenue grew from $8.7 Million in 2018 to $33.6 Million in 2021.
“We’re honored to be recognized by Financial Times as one of the fastest-growing companies in the Americas,” say Xero Shoes CEO and Co-Founder, Steven Sashen. “The ongoing demand for natural movement from our international customer base has been one of the reasons we continue to expand into new footwear categories, offering shoes for anything they do.”
“Our continued growth is thanks to the hard work of our team and the support of our customers, who are passionate about our mission to change the world, one pair of shoes at a time,” adds President and Co-Founder, Lena Phoenix.
The data was collected via desk research in official sources like publicly available earning presentations, investor relations, websites, and annual reports. Across 20 countries, over 7,000 public companies were examined.