CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Bootmaker Dr Martens warns trading in season ahead crucial after 9% half-year revenue drop

By Reuters News

Nov 12 (Reuters) - British bootmaker Dr Martens DOCS.L reported a drop in first-half revenue on Thursday and warned that trading in the key season ahead would be crucial to its full-year result, leaving a wide range of possible outcomes for both sales and profit.

"The weakness in boots combined with the impact of the planned critical changes to our DTC proposition means that the H1 performance we’re announcing today is disappointing," CEO Ije Nwokorie said in a statement, adding that demand for shoes and sandals was not enough to offset to decline in demand for boots.

Revenue dropped 9.2%, in constant currency terms, to £290.4 million ($384.98 million) in the six months to September 27, with weaker performance in the second quarter than the first and a bigger-than-expected drop in the UK.



($1 = 0.7543 pounds)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.