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29 July 2021 Dr. AirWair Martens Bouncing Dr. Martens plc Trading statement for the three months ended 30 June 2021 A STRONG FIRST QUARTER " I am very pleased with the performance across our business in the first quarter of our new financial year . We achieved continued growth in ecommerce against a triple - digit growth rate last year and the reopening of our own - stores drove a strong retail recovery through the period . In addition , we saw a return to more normalised wholesale shipments over the period . The first quarter of the year is always our smallest period , being the end of the Spring / Summer season . Our larger Autumn / Winter season begins from Q2 and our performance to date gives us confidence for the remainder of the year . We will continue to take a long - term custodian mindset , investing into our business and making decisions to drive the brand for the decades to come . " Kenny Wilson , Chief Executive Officer Group highlights : • • • Q1 Group revenue £ 147.3m , up 52 % year on year ( 64 % on a constant currency basis ) . This performance was against a Covid - 19 impacted comparative figure , with revenues in the same quarter last year down 14 % . On a two - year basis ( Q1 FY22 compared to Q1 FY20 ) , revenue was up 31 % ( 40 % constant currency ) . Q1 is typically the smallest period , being the end of the Spring / Summer season . By channel , we saw an encouraging recovery of retail , good growth in ecommerce against a very strong comparative and a strong wholesale performance as order patterns normalised . All three regions saw good growth , although the Americas was a standout , recording triple - digit revenue growth . Channel performance Throughout Q1 FY22 , all US stores were open , UK stores opened from mid - April , and Continental Europe stores opened steadily through May and June . Japan remains the most impacted , with stores operating with varying capacity restrictions and a few locations remaining closed . This compares with Q1 last year , where the vast majority of our own stores globally were closed or subject to significant Covid - 19 restrictions , which materially impacted retail revenues . This significantly altered picture has resulted in Q1 FY22 retail revenue more than tripling year - on - year . The performance of our stores improved as the quarter progressed , particularly those in the US and provincial UK . On a two - year basis ( Q1 FY22 compared to Q1 FY20 ) performance was as expected , with retail revenue down 6 % for the quarter as a whole and positive in the month of June . In Q1 FY22 , we achieved strong ecommerce revenue growth of 11 % ( 19 % on a constant currency basis ) . This was against a very high comparative with ecommerce growth in Q1 FY21 up triple - digit , given the widespread store closures at that time . On a two - year basis ( Q1 FY22 compared to Q1 FY20 ) , ecommerce revenue is up 155 % ( 166 % in constant currency terms ) . We saw a very strong performance in our wholesale business in Q1 FY22 , as customers normalised shipment timings back towards Q1 . As a result , wholesale revenue is up 50 % year - on - year ( up 64 % constant currency ) , with particularly strong shipments in Americas . This performance is against a weak comparative , as last year a large proportion of wholesale customers rescheduled orders into Q2 given the significant uncertainty at that time . On a two - year basis ( Q1 FY22 compared to Q1 FY20 ) , wholesale revenue is up 23 % ( 30 % in constant currency terms ) . Given the rescheduling of orders in FY21 , we face a stronger comparative in Q2 and therefore expect wholesale sales growth to moderate .