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Asharq Al-Awsat
Asharq Al-Awsat
Lifestyle
Asharq Al-Awsat

Dr. Martens Posts Stronger First-half Profit

A pair of Dr. Martens boots in London, Britain, September 17, 2020. REUTERS/Simon Newman/File Photo

Boot brand Dr. Martens posted a higher first-half profit on Thursday, but warned that shipping delays in its US business due to wider supply chain troubles will continue into the next fiscal year.

The company, which made its stock market debut in London earlier this year and has 135 stores globally, said pretax profit jumped 46% to 61.3 million pounds ($80.95 million) for the six months ended Sept. 30. It plans to open 20 to 25 new stores in fiscal year 2022.

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