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Dr. Martens Warns on Profit, Shares Slide More Than 20%

Dr. Martens Gains as Bootmaker Hikes Prices for Signature Boots

British bootmaker Dr. Martens Plc issued a profit warning on Thursday, citing significant operational issues at its new distribution centre in the United States that sent its shares plunging by more than a fifth.

Those issues could reduce annual core profit by £16-25 million ($20 million-$30 million) and have knock-on effects in the year after, it said in a statement.

It now expects EBITDA (earnings before interest, taxes, depreciation and…


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