DRMTY - Dr. Martens plc. (DOCMF) H2 2024 Earnings Call Transcript
2024-05-30 13:04:04 ET
Dr. Martens plc. (DOCMF)
H2 2024 Earnings Conference Call
May 30, 2024 4:30 am ET
Corporate Participants
Kenneth Wilson - Chief Executive Officer
Giles Wilson - Chief Financial Officer
Conference Call Participants
John Stevenson - Peel Hunt
Alison Lygo - Deutsche Numis
Kate Calvert - Investec
Adrian Duverger - Goldman Sachs
Natasha Bonnet - Morgan Stanley
Presentation
Kenneth Wilson
Good morning, and welcome to our FY'24 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 Ije Nwokorie, 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 going to provide a very short overview of what we're going to talk about, and then I'm going to 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 FY'24, as you'll hear from Giles, our FY'24 results were in line with our guidance. However, our USA performance was disappointing, which dragged down overall Group performance. FY'25 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 FY'26, 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.
Giles Wilson
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....
Dr. Martens plc. (DOCMF) H2 2024 Earnings Call Transcript