Dr Martens Plc (DOCMF) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Dr. Martens Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.817 Good morning everyone and welcome to our FY25 Half One Results presentation. 00:00:05.817 -- 00:00:09.320 I'm joined today by Giles Wilson, our Chief Financial Officer and E.J. 00:00:09.320 -- 00:00:14.145 Wakodi, our Chief Brand Officer. So our agenda for today, I'm going to provide a short 00:00:14.145 -- 00:00:18.930 introduction before handing over to Giles who will walk us through our Half One Financial 00:00:18.930 -- 00:00:20.332 Results. 00:00:20.332 -- 00:00:22.614 Then I'll provide a business update before E.J. 00:00:22.614 -- 00:00:26.930 informs us on our brand and how we are refocusing it. 00:00:26.930 -- 00:00:30.356 Our first half performance is in line with our expectations. 00:00:30.356 -- 00:00:35.323 Back in May, we communicated four key objectives for this year, and I'm pleased to say 00:00:35.323 -- 00:00:38.689 that we are making good progress on all of them. 00:00:38.689 -- 00:00:43.657 The action plan we are executing in the USA direct-to-consumer business is working and 00:00:43.657 -- 00:00:46.982 will return this business to growth in the second half. 00:00:46.982 -- 00:00:51.850 We've pivoted our marketing to relentlessly focus on our product, and EJ will pick up 00:00:51.850 -- 00:00:57.018 on this in detail. We've reduced our operating cost base ahead of schedule, 00:00:57.018 -- 00:01:02.447 and Giles will walk through this. And we have strengthened our balance sheet while delivering 00:01:02.447 -- 00:01:05.693 on the reduction in inventory that we promised. 00:01:05.693 -- 00:01:08.036 We said that FY25 00:01:08.036 -- 00:01:12.524 would be a year of action, and we are taking focused action. 00:01:12.524 -- 00:01:17.108 Now over to Giles, who will now walk us through the results. 00:01:17.271 -- 00:...