UK's Dr Martens shines on plans to cut discounts in key markets

Dr Martens

05/06/2025 08:51

** Bootmaker Dr Martens' shares DOCS.L jump 17.9% to 70.7p

** DOCS is top pct gainer on FTSE 100 index .FTSE, which is up 0.06%

** Stock on track for best day since June 2022

** Co to cut discounts in Americas and EMEA regions this fiscal year

** FY26 adjusted pre-tax profit expected to align with market expectations of 54-74 million pounds ($73.26 million-$100.40 million), per company-compiled poll

** DOCS to maintain spring/summer collection prices as stock is already in U.S. market

** Co reports better-than-expected FY25 adj pre-tax profit of 34.1 million pounds, above a company-provided consensus of 30.6 million pounds

** DOCS stock down nearly 2% YTD, including today's session

($1 = 0.7371 pounds)

 (Reporting by Yamini Kalia in Bengaluru)

 ((Yamini.Kalia@thomsonreuters.com;))