Dr. Martens PLC (DOCS.L), a British footwear and clothing brand, on Thursday reported a decline in earnings for the full year, reflecting decreased revenue, mainly due to challenging macroeconomic conditions.
For the 12-montn period to March 30, the company posted a pre-tax income of 8.8 million pounds, less than 93 million pounds in the previous year. Excluding items, profit before tax was 34.1 million pounds as against last year's 97.2 million pounds.
Net profit plunged to 4.5 million pounds, or 0.5 pence per share, from the prior year's 69.2 million pounds, or 7 pence per share, in 2024. Adjusted earnings stood at 2.4 pence per share as against 7.3 pence per share a year ago.
EBIT moved down to 37 million pounds from 122.2 million pounds last year. Revenue was 787.6 million pounds, down from 877.1 million pounds in the previous year.
The Board will pay a final dividend of 1.70 pence per share, taking the total dividend for the full-year to 2.55 pence per share, unchanged from the previous year's total dividend of 2.55 pence per share. The final dividend will be paid on October 8 to shareholders on the register as of August 29.
Looking ahead, for the full-year 2026, Dr. Martens expects depreciation and amortization of 75 million pounds to 80 million pounds, with capital expenditure of 20 million pounds to 25 million pounds.
Dr. Martens also projects foreign exchange headwinds for the full-year 2026 to impact the Group revenue by around 18 million pounds and pre-tax income by approximately 3 million pounds.
The company, however, expects a rise in its annual adjusted profit before tax in line with market expectations of 54 million pounds to 74 million pounds, higher than 34.1 million pounds in 2025.
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