Dr. Martens PLC (OTCPK:DOCMF)

$ 0.9344 0.0044 (0.47%) Market Cap: 894.54 Mil Enterprise Value: 1.34 Bil PE Ratio: 25.57 PB Ratio: 2.13 GF Score: 64/100

Half Year 2025 Dr Martens PLC Earnings Call Transcript

Nov 28, 2024 / 09:00AM GMT

Transcript

Kenny Wilson

Dr Martens PLC - Chief Executive Officer, Executive Director

Good morning, everyone, and welcome to our FY25 half one results presentation. I'm joined today by Giles Wilson, our Chief Financial Officer; and Ije Nwokorie, our Chief Brand Officer.

So our agenda for today. I'm going to provide a short introduction before handing over to Giles, who will walk us through our half one financial results. Then I'll provide a business update before Ije informs us on our brand and how we are refocusing it. Our first half performance is in line with our expectations.

Back in May, we communicated four key objectives for this year, and I'm pleased to say that we are making good progress on all of them. The action plan we are executing in the USA direct-to-consumer business is working and will return this business to growth in the second half.

We've pivoted our marketing to relentlessly focus on our product and Ije will pick up on this in detail. We've reduced our operating cost base ahead of schedule, and Giles will walk through this, and we have strengthened our balance sheet

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