Fast Retailing's Net Profit Jumps 27%, Boosted by Global Revenue
Provided by
Dow Jones
By Ronnie Harui
Fast Retailing's fiscal first quarter net profit jumped thanks to sharp increases in revenue and profits at its Uniqlo outlets internationally and in Japan.
Net profit in the September-to-November quarter rose 27%, compared with the same period a year earlier, to 107.80 billion yen ($739.57 million), the owner of the Uniqlo clothing company said Thursday.
That beat the Y96 billion net profit estimate from a poll of analysts by FactSet.
Revenue rose 13.2% on year to Y810.83 billion in the fiscal first quarter, while operating profit increased 25.3% to Y146.69 billion.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
January 11, 2024 01:43 ET (06:43 GMT)
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