Dr. Martens is confident in achieving market expectations for the full year following a strong third quarter.
According to a trading statement for the three months ended 31 December 2021, group revenue was up 11% year on year at £307m at the Northamptonshire-headquartered company. On a two-year basis, revenue was up 21%.
The firm hailed solid ecommerce growth in addition to a very good recovery of retail.
Kenny Wilson, Chief Executive Officer, said: “We delivered a good performance during our largest quarter, with Direct to Consumer (DTC) revenues growing 33% versus Q3 last year to 64% revenue mix.
“We continued to put our long-term custodian approach at the heart of decision making and proactively managed the business against a changing Covid backdrop, prioritising the higher margin DTC channels in line with our strategy.
“We remain confident in achieving market expectations for the full year and I would like to thank everyone at Dr. Martens for their exceptional hard work and dedication.”
In the period Dr. Martens opened 11 new stores.
