Dr. Martens Reports First Half Revenue Decline and Adjusted PBT Loss
Dr. Martens plc has reported its first-half financial results, revealing a revenue decline of 9.8% year-over-year to £290.4 million. The company recorded a Non-GAAP earnings per share (EPS) of -1.00p and an adjusted profit before tax (PBT) loss of £13.1 million on a constant currency basis, compared to a loss of £9.4 million in the previous period. Despite the decline in revenue and widening losses, Dr. Martens reaffirmed its full-year financial outlook. The company's net bank debt remains relatively stable at £158.9 million, which is broadly consistent with the £154.3 million reported in the first half of the previous fiscal year.
Topics: debt levels earnings report profit loss revenue decline