Dr Martens investors should be kicking themselves after the bootmaker's latest profit warning
Shares in the boot maker fell 29.4% as the group said it faced another tough year in the US. The boot maker also revealed its chief executive was stepping down. Dr Martens shares fell to a record low after latest profit warning on Monday. The company said it faces another year in a tough period in the U.S.
After optimistic float, the boot is on the other foot with the fifth profit warning in three years, a fall in shares and CEO’s exit. Dr Martens investors should be kicking themselves. After optimistic market float, after optimistic float they are on the opposite track.
Dr. Martens dour US revenue outlook for the year sends stock of iconic bootmaker plunging. Chunky bootmaker warns of a tough year ahead for the US market. Dr Martens is warning of a 'tough year' for the U.S.
Dr. Martens shares plunge more than 30% Tuesday. The iconic British brand forecast wholesale revenue in the U.S. would decline by double-digits compared with last year. Trading in the brand's stock was temporarily halted on the London Stock Exchange early Tuesday.
Dr. Martens shares plunged more than 30% Tuesday after the British brand forecast that wholesale revenue in the U.S. would decline by double-digits. The brand's shares plunged over 30% after the brand announced that wholesale wholesale revenue would fall by double digits.
Dr. Martens stock plunges on 2025 warning, CEO departure. Boot maker warned its fiscal 2025 results will be hit by a double-digit decline in US wholesale revenue. CEO Kenny Wilson will be replaced by Chief Brand Officer Ije Nwokorie. Watch the full episode of Morning Brief with Seana Smith and Brad Smith at 10 a.m. ET.
Dr Martens says it does not expect to increase prices this year as it reports poor US sales. Bootmaker says it doesn't expect to raise prices as it is reporting poor sales in the US. British bootmaker also says it will not increase prices for the rest of the year.
Dr Martens says pre-tax profits could slump by about two-thirds this financial year. The iconic shoe brand is known for its association with youth subcultures like mods and punks. The brand's pre-profitable profits are set to slump by two-third this year.
Shares plunge in Dr Martens as US business struggles. Footwear brand warns of hit to profits as chief executive announces plans to leave. Dr. Martens shares plunge in US after US sales slump in the U.S. Footwear company warns of 'hit to profits' as CEO announces exit.