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Dr. Martens – interims & having been relying on trading improvement, another profit warning (quelle surprise!)...

By Steve Moore | Thursday 30 November 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Previously writing on footwear brand company Dr. Martens (DOCS) earlier this month with the shares at 118p on it “delighted to appoint” a new CFO, I noted good luck to him as I concluded ‘with its half-year results to 30th September therefore not set to be good - and scheduled for 30th of this month - and I questioning second half improvement it is relying on considering also the current consumer environment, I suggest this is currently a what financial position will Giles Wilson be taking on?, £1.15 billion market capitalisation, avoid/sell’. Today the half-year results headlined “Strategic progress despite challenging USA backdrop”… so what of a share price currently down from a 114.8p last close towards 85p?!

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