Rapha sales fell 7% in 2023

October 24, 2024

Rapha Racing LTD’s total revenues totaled 110 million pounds ($139.7 million at January’s exchange rate) in the 12 months that ended Jan. 28, 2024, down 7% percent from the preceding 12-month period and down from 138 million pounds the year before that. The company’s operating loss was 21 million pounds, up from 11 million pounds lost the year before. Rapha also noted the number of members in its Rapha Cycling Club declined from 22,000 to 18,000. The brand’s new web customers.  declined from 148,000 to 118,000. Bicycle Retailer