Dr. Martens ’ chief executive officer Ije Nwokorie, who took the helm earlier this year, said on Thursday that the while the company is still in its “early days” of a turnaround, he is “happy” with the advances it is making in the business.

The CEO added that this strategic progress, as well as the benefits from the cost action plan implemented last year and its continued focus on cost management, is “delivering a meaningful improvement” in the company’s financial performance including a continued reduction in net bank debt.

In the first half of fiscal 2026, the U.K.-based footwear company noted that net revenue dipped 0.8 percent on a reported basis to 322.0 million pounds from 324.6 million pounds the same period last year. Dr. Martens noted that overall revenue growth was impacte

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