Dr Martens recorded a strong first quarter with sales up across all regions.
The boot specialist reported revenues up 52% year on year to £147.3m, against a Covid-impacted comparable where sales were down 14% the previous year.
On a two-year basis, Dr Martens’ sales grew 31% in the three months to June 30, despite being the smallest quarter of the financial year according to the retailer.
Dr Martens said the recovery at reopened stores was “encouraging”, while its ecommerce sales grew 11% against a triple-digit comparable the previous year.
While sales mounted in all regions, the retailer recorded particularly strong revenues in the Americas, up 106%.
This was largely driven by its wholesale business, shipments for which Dr Martens said had “normalised” in the quarter.
Chief executive Kenny Wilson said: “I am very pleased with the performance across our business in the first quarter of our new financial year.
“We achieved continued growth in ecommerce against a triple-digit growth rate last year and the reopening of our own-stores drove a strong retail recovery through the period. In addition, we saw a return to more normalised wholesale shipments over the period.
“The first quarter of the year is always our smallest period, being the end of the spring/summer season. Our larger autumn/winter season begins from Q2 and our performance to date gives us confidence for the remainder of the year.
“We will continue to take a long-term custodian mindset, investing into our business and making decisions to drive the brand for the decades to come.”
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