Fast Retailing Co, the owner of Uniqlo, has reported a 25% increase in operating profit for the first fiscal quarter, surpassing analysts' expectations. The company, which is on track for a third-straight year of record earnings, attributed the profit rise to robust sales in North America and Europe. The first-quarter profit reached 146.7 billion yen ($1.01 billion), continuing the momentum from the previous two years of record earnings under the leadership of Japan's richest man, Tadashi Yanai. Fast Retailing has maintained an aggressive growth strategy overseas, which has been a key factor in its financial success. The company has also retained its full-year operating profit forecast at 450 billion yen, following a previous fiscal year's earnings of 381.1 billion yen.
Japan's Fast Retailing Co, owner of clothing brand Uniqlo, held its full-year operating profit forecast of 450 billion yen, following record earnings of 381.1 billion yen in fiscal 2023 https://t.co/FlijVDQG2J https://t.co/QQcWYP27TX
WATCH: Japan's Fast Retailing Co, owner of clothing brand Uniqlo, held its full-year operating profit forecast of 450 billion yen, following record earnings of 381.1 billion yen in fiscal 2023 https://t.co/1CpYcJ0YAZ https://t.co/fVwQKLbbDh
Fast Retailing Co, founded and run by Japan's richest man, Tadashi Yanai, booked successive record earnings in the past two years as it pressed an aggressive growth strategy overseas https://t.co/FlijVDRdSh https://t.co/EH79VncdaE
WATCH: Fast Retailing Co, founded and run by Japan's richest man, Tadashi Yanai, booked successive record earnings in the past two years as it pressed an aggressive growth strategy overseas https://t.co/1CpYcJ0YAZ https://t.co/D2GQpW14Tw
Japan's Fast Retailing could be on track for another year of record earnings as the Uniqlo operator said its first quarter operating profit rose 25% due to strong overseas sales https://t.co/FlijVDRdSh https://t.co/kDDkuiID2X
WATCH: Japan's Fast Retailing could be on track for another year of record earnings as the Uniqlo operator said its first quarter operating profit rose 25% due to strong overseas sales https://t.co/1CpYcJ0YAZ https://t.co/MxBBcpYVHj
Uniqlo owner Fast Retailing Q1 profit soars on strong overseas sales - Reuters https://t.co/nHfV4n4EM5
Japan's Fast Retailing Co, owner of clothing brand Uniqlo, posted a 25% jump in first quarter operating profit fueled by strong overseas sales as it charts a third-straight year of record earnings https://t.co/FlijVDRdSh https://t.co/MGRk8aUcMA
WATCH: Japan's Fast Retailing Co, owner of clothing brand Uniqlo, posted a 25% jump in first quarter operating profit fueled by strong overseas sales as it charts a third-straight year of record earnings https://t.co/1CpYcJ0YAZ https://t.co/1LFb4sZR0R
Uniqlo operator Fast Retailing Q1 profit soars on strong overseas sales https://t.co/y8BkOYvUUN https://t.co/oIjd5TaUCP
Uniqlo owner Fast Retailing’s operating profit for the first fiscal quarter topped analysts’ average projections on robust sales in North America and Europe https://t.co/LkzBIohdqX
⚠️ UNIQLO OPERATOR FAST RETAILING SAYS Q1 PROFIT JUMPED 25% (Reuters) Japan's Fast Retailing Co said on Thursday that first quarter operating profit jumped 25%, as the Uniqlo operator charts a third-straight year of record earnings. Profit was 146.7 billion yen ($1.01 billion)… https://t.co/hufNdBqhnZ