Fashion

Uniqlo owner Fast Retailing ups profit guidance

By 13 July 2023

Uniqlo Madrid storefront

Source: Martin Mendez

The owner of fashion giant Uniqlo, Fast Retailing, has upped its full-year profit guidance following a “strong” international performance in its third quarter.

Fast Retailing posted a 21.9% increase in operating profit year on year to ¥330.6bn (£1.83bn) for the nine months to May 31, 2023, while profit before tax was also up 2.8% to reach ¥359.3bn (£1.9bn).

The Japanese group also posted a 21.4% increase in sales year on year to ¥2.14trn (£11.8bn).

 

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