“We saw a mixed trading performance in the first half of the year. We made good progress with our strategic priorities, continuing to invest in the business and our people to drive sustainable long-term growth. During the period we focused on controlling the controllables: we delivered significant supply chain savings, successfully transformed our North America distribution network, opened 25 new stores, and launched a Dr. Martens UK repair service. The DOCS strategy of brand control and prioritising more profitable sales via our own stores and websites continued to deliver, with Direct to Consumer (“DTC”) revenues up 11% in constant currency, representing half of Group revenues.

We saw a continued strong DTC performance in EMEA and APAC. In the USA, where there is an increasingly difficult consumer environment, our results have been more challenged, led by weakness in wholesale. We have strengthened the Americas leadership team and they are taking action, including refocusing marketing and improving our ecommerce trading capabilities. It is likely, however, that given the challenging backdrop it will take longer to see an improvement in USA results than initially anticipated. Notwithstanding the clear challenges we face in the USA market we remain very confident in our iconic brand and the significant growth opportunity ahead of us.

I am delighted that I’ll be joined by Giles Wilson as Chief Financial Officer and Ije Nwokorie as Chief Brand Officer in the new year, bolstering our leadership team. I would like to take this opportunity to thank the dedicated and passionate people of Dr. Martens for their exceptional hard work in H1 and their continued support as we enter the busiest period of the year.”

Kenny Wilson, Chief Executive Officer

Kenny Wilson, CEO

FY24 H1 Results

Watch the webcast of our FY24 H1 Results presentation, which took place on Thursday 30th November 2023 at 09:30 GMT.

 

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Reports and publications archive

Date 25 Jan 2024
Title FY24 Q3 Trading Statement
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Date 30 Nov 2023
Title FY24 H1 Results
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Date 14 Sep 2023
Title Product and brand teach-in
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Date 13 Jul 2023
Title AGM Trading Statement
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Date 13 Jun 2023
Title FY23 Annual Report
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Date 01 Jun 2023
Title FY23 Results
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Date 14 Apr 2023
Title FY23 Q4 Update
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Date 19 Jan 2023
Title FY23 Q3 Trading Update
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Date 24 Nov 2022
Title FY23 H1 Results
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Date 14 Jul 2022
Title AGM Trading Update
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Date 06 Jul 2022
Title Conversion Markets Teach-In
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Date 14 Jun 2022
Title FY22 Annual Report
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Date 14 Jun 2022
Title 2022 AGM Notice of Meeting
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Date 01 Jun 2022
Title FY22 Results
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Date 27 Jan 2022
Title FY22 Q3 Trading Statement
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Date 09 Dec 2021
Title FY22 H1 Results
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Date 29 Jul 2021
Title FY22 Q1 Trading Statement
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Date 01 Jul 2021
Title 2021 AGM Notice of Meeting
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Date 01 Jul 2021
Title FY21 Annual Report
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Date 17 Jun 2021
Title FY21 Results
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