Dr. Martens Plc (GB:DOCS) has released an update.
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Dr. Martens reported its first-half results aligning with expectations, highlighting a strategic focus on product-centric marketing and cost reductions. Despite an 18% revenue drop, the company achieved significant inventory and debt reduction, underscoring its confidence in returning to growth in the US direct-to-consumer segment. The brand anticipates robust performance during the peak trading period, supported by strong sales of new products.
For further insights into GB:DOCS stock, check out TipRanks’ Stock Analysis page.
