Footwear brand and retailer Dr Martens has posted a rise in annual sales and profits, helped by strong online growth.
Dr Martens reported revenue up 48% to £672m in the year to March 31, when operating profit soared 110% to £143m.
The retailer, which has 122 stores worldwide, reported that its direct-to-consumer businesses – ecommerce and retail – generated sales up 51% to £302m. Wholesale was ahead 45% to £371m.
Dr Martens said it had achieved a “balanced global performance with all major markets reporting double-digit revenue growth”.
International lockdowns as the coronavirus pandemic spread led to store closures towards the end of Dr Martens’ financial year, but almost all branches have since reopened.
Dr Martens chief executive Kenny Wilson said: “We have delivered another year of exceptional growth driven by our consumer-first strategy and continuous investment in the business. Our performance demonstrates the resilience and strength of our brand at a time of great uncertainty.
“The last few months have been a very challenging time for everyone and I am extremely proud of the resilience and commitment our teams have shown, which has enabled us to continue delivering for our customers throughout the pandemic.
“Looking ahead, while we are currently in a volatile and uncertain trading environment, we have a very clear strategy in place supported by a strong brand and consumer connections, and I am confident in the outlook for the business.”
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