Dr. Martens PLC (MEX:DOCS)

MXN 29.87 0 (0%) Market Cap: 18.77 Bil Enterprise Value: 27.93 Bil PE Ratio: 24.66 PB Ratio: 2.05 GF Score: 61/100

Q3 2023 Dr Martens PLC Trading Statement Call Transcript

Jan 25, 2024 / 09:00AM GMT

Release Date Price: MXN29.87

Transcript

Kenny Wilson Dr. Martens PLC;CEO

And thank you for joining our Q2 conference call. I'm joined here this morning by Jon Mortimore, our Chief Financial Officer; and also Bethany Barnes, our Head of Investor Relations. If you've got further questions following this call, then please do reach out to Bethany directly. So before we open it up for the Q and A session, I just wanted to take this opportunity to share my perspectives on our third quarter.

Overall, our Q3 performance was in line with the updated guidance we provided in November. This is not to say that it was an easy operating environment. Trading in the quarter was volatile with considerable regional differences and lumpiness in wholesale. The trends that we saw at Dr. Martens are broadly in line with those experienced by our peers and seen across the industry including softer December trading globally. First, there is no doubt that the consumer backdrop remains challenging particularly in the United States. We continue to focus on the levers that are within our control to drive growth and to build our product pipeline for Autumn

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