129
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.