Thursday, November 24, 2022 8:47 AM
Dr Martens is but to see the consequences of the cost-of-living disaster within the UK, as she retains her forecasts firmly in place.
The shoe retailer loved a 13 per cent bounce in income to £418.6m within the six months to the tip of September.
EBITDA was according to the primary half of final yr at £88.8m as the corporate elevated funding in new shops, advertising and employees.
With the price of dwelling disaster failing to dampen demand for the brand new footwear, the board proposed an interim dividend of 1.56p, almost a 3rd greater than the final cost to shareholders.
“Now we have extra room to cost the AW23, so we’ll offset the associated fee inflation once more,” mentioned CEO Kenny Wilson.
Though there are financial challenges forward, we’re nicely positioned for future progress. We’ll proceed to drive the rising funding to ship the DOCS technique, primarily in new shops, advertising, individuals, know-how and stock.”
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