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Stock impact report

Uniqlo owner reports record annual earnings [Yahoo! Finance]

FAST RETAILING UNSP/ADR (FRCOY) 
NASDAQ:AMEX Investor Relations: fastretailing.com/eng/ir
Company Research Source: Yahoo! Finance
The company also reported "significant increases in both revenue and profit" for international stores of casualwear giant Uniqlo. Fast Retailing -- the world's third biggest clothing manufacturer and retailer after Zara owner Inditex and Sweden's H&M -- reported a 25 percent on-year jump in net profit to 371.9 billion yen ($2.5 billion). The firm's earnings have hit new records for several years running since the Covid-19 pandemic eased as it pursues an aggressive international expansion strategy. Warm weather over the winter squeezed sales slightly for Uniqlo stores in Japan, famous for their down jackets. "However, same-store sales subsequently increased by 11.7 percent year-on-year in the second half from 1 March through 31 August 2024 thanks to consistently high temperatures," the company said in a statement. Japan's summer this year was its joint warmest on record, and climate scientists predict that 2024 will be the hottest ever for the Earth because of a warming plan Show less Read more
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