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Dr Martens Issues Fourth Profit Warning of Year Amid Weak US sales

Dr Martens Issues Fourth Profit Warning of Year Amid Weak US sales

Dr Martens has issued its fourth profit warning this year as a tough consumer environment in the US continues to affect sales of its sturdy boots.

The Northamptonshire-based footwear brand said sales fell 5 percent to £396 million ($499 million) in the six months to 30 September and pre-tax profits dived 55 percent to £26 million ($32 million). While this was better than City analysts had expected, the company said the outlook for the…


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