“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
FY24 H1 Results
Watch the webcast of our FY24 H1 Results presentation, which took place on Thursday 30th November 2023 at 09:30 GMT.
Reports and publications archive
Date | 16 Apr 2024 |
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Title | FY24 trading and FY25 outlook update |
Statement | View(Statement) |
Date | 25 Jan 2024 |
Title | FY24 Q3 Trading Statement |
Statement | View(Statement) |
Webcast | Watch |
Read |
Date | 30 Nov 2023 |
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Title | FY24 H1 Results |
Presentation | View |
Statement | View(Statement) |
Webcast | Watch |
Read | |
Date | 14 Sep 2023 |
Title | Product and brand teach-in |
Presentation | View |
Webcast | Watch |
Read | |
Date | 13 Jul 2023 |
Title | AGM Trading Statement |
Statement | View(Statement) |
Date | 13 Jun 2023 |
Title | FY23 Annual Report |
Report | View |
View ESEF XHTML | |
Download ESEF ZIP | |
Date | 01 Jun 2023 |
Title | FY23 Results |
Presentation | View |
Statement | View(Statement) |
Webcast | Watch |
Read | |
Date | 14 Apr 2023 |
Title | FY23 Q4 Update |
Statement | View(Statement) |
Webcast | Watch |
Read | |
Date | 19 Jan 2023 |
Title | FY23 Q3 Trading Update |
Statement | View(Statement) |
Webcast | Watch |
Read |
Date | 24 Nov 2022 |
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Title | FY23 H1 Results |
Presentation | View |
Statement | View(Statement) |
Webcast | Watch |
Read | |
Date | 14 Jul 2022 |
Title | AGM Trading Update |
Statement | View(Statement) |
Date | 06 Jul 2022 |
Title | Conversion Markets Teach-In |
Presentation | View |
Webcast | Watch |
Read | |
Date | 14 Jun 2022 |
Title | FY22 Annual Report |
Report | View |
View ESEF XHTML | |
Download ESEF ZIP | |
Date | 14 Jun 2022 |
Title | 2022 AGM Notice of Meeting |
Report | View |
Date | 01 Jun 2022 |
Title | FY22 Results |
Presentation | View |
Statement | View(Statement) |
Webcast | Watch |
Read | |
Link | Visit |
Date | 27 Jan 2022 |
Title | FY22 Q3 Trading Statement |
Statement | View(Statement) |
Webcast | Watch |
Read |
Date | 09 Dec 2021 |
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Title | FY22 H1 Results |
Presentation | View |
Statement | View(Statement) |
Webcast | Watch |
Read | |
Date | 29 Jul 2021 |
Title | FY22 Q1 Trading Statement |
Statement | View(Statement) |
Date | 01 Jul 2021 |
Title | 2021 AGM Notice of Meeting |
Report | View |
Date | 01 Jul 2021 |
Title | FY21 Annual Report |
Report | View |
Date | 17 Jun 2021 |
Title | FY21 Results |
Presentation | View |
Statement | View(Statement) |
Webcast | Watch |
Read |