Fashion

Dr Martens sales top £1bn but profits drop

By 1 June 2023

Dr Martens

Dr Martens sales have reached £1bn for the first time, but profits tumbled and “operational mistakes” in the US impacted its performance. 

As a result of the issues, the retailer said it would be investing in its infrastructure and anticipated its FY24 EBITDA margin would drop 1-2 percentage points lower than FY23.

 

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