Uniqlo owner Fast Retailing forecasts 8.4% rise in operating profit next year [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
Uniqlo owner Fast Retailing forecasts 8.4% rise in operating profit next year By Reuters Staff 1 Min Read TOKYO, Oct 14 (Reuters) - Japan’s Fast Retailing, owner of clothing brand Uniqlo, said on Thursday it expects operating profit to climb 8.4% to 270 billion yen ($2.38 billion) next year. For the year ended in August, it reported 249 billion in operating profit. That compared with the 245.7 billion yen forecast in a Refinitiv poll of 13 analysts, and earnings of 149.3 billion yen a year ago. The company’s shares have fallen 22% year-to-date, compared with a 4.1% advance in the benchmark Nikkei 225 index.
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