56.00 $ Dr Martens shares fall to record low amid profit warning Laà-Mondrans

Published date: 2024/12/02
  • GEO Lokalisering: Via Piccinni 136, 82020, Laà-Mondrans, Overijssel, Italy

Dr Martens shares sank on Thursday after the group issued its fourth profit warning since joining the stock market in 2021 and posted a drop in earnings for its first half. 

The retailer's shares fell 25.22 per cent or 28.95p to a record low of 85.85p on Thursday morning, having sunk over 57 per cent in the last year. 

The group, which became the biggest FTSE 250-listed faller on Thursday, said warm weather and 'weaker traffic' hampered sales of its autumn and winter lines, though sales have improved in certain markets in the last few weeks. 

Sales for the full year are now expected to drop by around 8 per cent and underlying profits look set to slip below the £223.

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