Dr Martens braced for tumbling income
Best foot forward: City analysts predicted profits will plummet by a third to £125m
Dr Marten is braced to report a sharp drop in profit and revenue as sales in the US tumble.
The London-listed company’s sales are expected to fall to £900m, an 11 per cent drop from last year when it broke the £1billion barrier for the first time.
City analysts predicted profits will plummet by a third to £125m when the cult bootmaker announces its full-year results on Thursday.
Dr Martens has suffered from falling revenue, with double-digit declines in the US in its April trading update.
The footwear brand has suffered an 80 per cent share price drop since its stock market launch three years ago.
