Dr Marten braced to report sharp drop in profit and revenue as sales in US tumble


Best foot forward: City analysts predicted profits will plummet by a third to £125m

Best foot forward: City analysts predicted profits will plummet by a third to £125m

Dr Marten is braced to report a sharp drop in profit and revenue as sales in the US tumble.

The London-listed company’s sales are expected to fall to £900m, an 11 per cent drop from last year when it broke the £1billion barrier for the first time.

City analysts predicted profits will plummet by a third to £125m when the cult bootmaker announces its full-year results on Thursday.

Dr Martens has suffered from falling revenue, with double-digit declines in the US in its April trading update.

The footwear brand has suffered an 80 per cent share price drop since its stock market launch three years ago.



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