Dr Martens Plc (DOCMF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to our FY24 results presentation, both here in the room and on the webcast. I'm absolutely delighted to be joined this morning by Giles Wilson, our new CFO, who joined us three weeks ago. Also in the room from Dr. Martens, we have Paul Mason, our chairman, and also E.J. Wakode, who's our chief brand officer and who will also succeed me as CEO later in this financial year. And also Bethany Barnes, our head of investor relations. So our agenda for today, I'm gonna provide a very short overview of what we're gonna talk about, and then I'm gonna hand over to Giles, who will take us through our financial results for the last year. And then I'll return to provide a business update. So FY24, as you'll hear from Giles, our FY24 results were in line with our guidance. However, our USA performance was disappointing, which dragged down overall group performance. FY25 is going to be a year of action, where we will focus on our USA action plans, on marketing, and on driving savings. And I'll cover this in detail later. Then in FY26, we will have Dr. Martens back into growth. With that, I'd like to hand over to Giles, who will take us through the numbers. Thank you, Kenny. And good morning, everyone here in the room and on the webcast. It is great to have joined Dr. Martens. I very much look forward to working with the team and getting to know you all over the coming weeks and months. Before I run through the financial results, I thought it would be worth me giving you my first impressions from my first three weeks and what attracted me to joining Dr. Martens PLC. I have split this into three key areas. Firstly, looking at the product and what an iconic product and brand Dr. Martens is. A brand that has more than stood the test of time and is so close to s...