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.
Kenny 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.”
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