Home Money Dr Marten set to report sharp drop in profits and revenue as US sales fall.

Dr Marten set to report sharp drop in profits and revenue as US sales fall.

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Best step forward: City analysts predicted profits would plummet by a third to £125m

Best step forward: City analysts predicted profits would plummet by a third to £125m

Dr Marten is set to report a sharp drop in profits and revenue as US sales fall.

The London-listed company’s sales are expected to fall to 900 million pounds, an 11 percent drop from last year, when it surpassed the billion-pound barrier for the first time.

City analysts predicted profits would plummet by a third to £125m when the cult boot maker announces its annual results on Thursday.

Dr Martens has suffered a drop in revenue, with double-digit falls in the US in its April trading update.

The footwear brand has suffered an 80 percent drop in its share price since going public three years ago.

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