Fast Retailing Raises Outlook As Overseas Profit Jumps 37% [Yahoo! Finance]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
Company Research
Source: Yahoo! Finance
Uniqlo's international business as demand in the US and Europe continues to build. The company now expects operating income of 700 billion for the fiscal year through August, up from its prior 650 billion forecast and above the 657 billion analysts had anticipated. Revenue guidance was also lifted to 3.9 trillion from 3.8 trillion, suggesting that overseas markets are playing a larger role in overall performance while Japan remains a steady base. Warning! GuruFocus has detected 6 Warning Signs with ORCL. Is FRCOY fairly valued? Test your thesis with our free DCF calculator. Recent results reinforce that shift. For the three months ended February, operating profit came in at 190 billion, exceeding the 161 billion average estimate, while profitability appears to be supported not just by sales growth but also by margin expansion. In the first half, operating profit rose 32% on revenue growth of 15%, reflecting improvements in gross margin alongside tighter cost controls, including
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