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Dr Martens lowers FY guidance amid US warehouse issues
17 days ago | By Fashion United
Image: Dr Martens
British brand Dr Martens has lowered its full-year profit guidance for the second time in two months amid supply chain disruption and a drop in DTC demand in the US.
The company said Thursday it expects FY EBITDA of between 250 million pounds and 260 million pounds, which could be up to 25 million pounds lower than its previous estimate.
Chief executive officer Kenny Wilson blamed “significant operational issues” at the company's new LA distribution centre, as well as weaker than expected direct-to-consumer demand in the US, partly linked to “unseasonably warm...
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