Dr. Martens reports a £28.7 million loss for H1 2024, blaming higher costs and lower US sales.

Dr. Martens reported a £28.7 million pre-tax loss for the first half of 2024, compared to a £25.8 million profit last year, with revenues dropping 18% to £324.6 million. The company cites increased costs and weaker US sales as factors. Despite these challenges, Dr. Martens expects cost-cutting measures to save around £25 million next year and remains optimistic about the holiday season.

November 28, 2024
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