Dr Martens swings to loss and braces for currency hit

NAMPA / DPA

2024-11-28

London (PA Media/dpa) - Dr Martens has revealed it swung to a half-year loss after seeing sales slump and warned of a year-end currency hit to profits. The bootmaker reported pre-tax losses of £28.7 million ($36.3 million) for the six months to September 29 against profits of £25.8 million the previous year as revenues fell 18% to £324.6 million. It added that, while it is starting to see turnaround actions begin to bear fruit, currency exchange......

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