Dr. Martens reports strong full year growth
Footwear brand Dr. Martens has reported that full year revenue rose by 30% to £454.4 million after it achieved double digit growth across all of its channels.
In the year to 31 March, retail revenue climbed by 30% to £126.7 million as retail like-for-like sales rose by 18%. Wholesale revenue also saw a significant increase with an uplift of 23% to £255 million.
Meanwhile, EBITDA rose by 70% to £85 million.
During the year, Dr. Martens opened 20 new stores including eight in Europe, four in the US, six in Japan and two in Hong Kong. The company said 77% of the full year revenue was generated outside the UK.
Subscribe to TRBKenny Wilson, chief executive of Dr. Martens, said trading had been boosted by the company’s focus on expanding its direct-to-consumer offering and improving its operational performance.
He added: “We look forward to the year ahead, during which we expect to deliver continued strong growth and accelerate the many positive trends seen in the past year.”
