Dr Martens warns on profits as ‘increasingly difficult’ US market takes toll
For the six months to September 30, 2023, Dr Martens reported a 55% drop in profit before tax to £25.8m, a 13% fall in EBITDA to £77.6m and a 5% reduction in revenues to £395.8m.
The retailer said that it expected full-year revenue to decline and full-year EBITDA to be “moderately below the bottom end of the range of consensus expectations”.
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