Uniqlo owner seen posting 24% annual profit surge on brand's overseas push [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: Yahoo! Finance
TOKYO (Reuters) - The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its business in China recovers. Fast Retailing's operating profit in the 12 months through August likely rose 24% from a year earlier to 478.3 billion yen, based on the average of 15 analyst estimates compiled by LSEG. That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half. Fast Retailing's shares have been on a tear, reaching a record high this week. Key factors going forward will be sales of fall and winter items in Japan and whether the company can reinvigorate its business in China, according to independent analyst Mark Chadwick. "Investor attention will turn to whether Fast Retailing's measures in Greater China successfully reverse the earnings decline caused by weak consumer sent
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News
- Uniqlo's chief says fast fashion must change with the times [Yahoo! Finance Canada]Yahoo! Finance Canada
- SFL – Third-Quarter 2024 Financial Information [Yahoo! Finance]Yahoo! Finance
- The new Uniqlo store in Langley's Willowbrook Shopping Centre opens this Friday [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Uniqlo: A Force Of Fabric In The Fast Fashion Sector [Forbes]Forbes
- Wall Street soars to new records as banks rally [Fortune]Fortune