Dr Martens posts stellar performance

Dr Martens posts stellar performance

Dr Martens has recorded revenues of £908.3 million for the year to 31st March, 2022 which is up from £773 million for the previous year. Pre-tax profits have also risen from £69.7 million to £214.3 million.

The business benefited from an 11 per cent rise in its direct to consumer eCommerce activity as well as a strong recovery when its stores were re-opened after pandemic lockdowns. Dr Martens had also opened 24 new stores during the period.

CEO Kenny Wilson said: “When we listed, we committed to deliver high-teens revenue growth, and today we are pleased to report 22 per cent constant currency growth and EBITDA ahead of market expectations. Our results were achieved against unprecedented Covid-19 disruption in our supply chain, which our teams navigated with flexibility and dedication.

“We have always said that driving brand equity is our first priority, as it will ensure sustainable growth in the decades ahead. Our recent comprehensive brand survey shows that our brand is stronger than ever, with significant growth in awareness, familiarity and recent purchases. Dr Martens remains incredibly underpenetrated globally, giving us conviction in our future growth ambition.”


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