Dr Martens reports Q3 growth - leatherbiz: Leading news site for the g Leatherbiz

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Dr Martens reports Q3 growth

30/01/2025
Dr Martens reports Q3 growth
Dr Martens has reported a 3% increase in group revenue to £267 million (€320 million) at constant currency for the 13 weeks ending December 29, as it progresses with its turnaround strategy.

Direct-to-consumer (DTC) revenue rose by 1%, driven by a 2% increase in e-commerce sales, while retail revenue declined by 1%. The brand saw strong DTC growth in the APAC and Americas regions, up 17% and 4% respectively, though EMEA revenue fell by 5% due to a highly promotional market.

Wholesale performance met expectations, with EMEA and APAC increasing year-on-year, while Americas wholesale saw a single-digit decline.

Chief executive Ije Nwokorie reaffirmed the company’s focus on sustainable growth, stating that it remains on track with its cost management and inventory reduction targets for FY25.


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