Dr Martens has recorded strong sales in the first quarter as its business continued to recover in all areas post-pandemic.

Dr Martens

Dr Martens has reiterated its profit guidance for the full year

The boots specialist reiterated its profit guidance for the full year as momentum continues. It said it anticipates “high-teens revenue growth” and “ecommerce to grow to at least 40% mix, with total DTC, including retail, of at least 60% mix”.

Dr Martens said that its ecommerce sales were in line with the last quarter of the previous year, while retail sales “continues its strong recovery”.

Its wholesale order book is now up to beyond 85% of pre-pandemic levels.

As previously reported, Dr Martens implemented price rises earlier this month and has opened 10 new stores this financial year.

The retailer added that its third-party factories are now operating at 90-95% capacity, while shipping lead times are “improving steadily”.

Dr Martens will host its annual general meeting today.

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