Uniqlo owner Fast Retailing reports 5.6% rise in Q1 profit, beats estimates [Reuters]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: Reuters
REUTERS/Ritsuko Ando/File Photo TOKYO (Reuters) - Japan's Fast Retailing, owner of clothing brand Uniqlo, said on Wednesday its first-quarter operating profit rose 5.6% from the year earlier period, boosted by sales in South Asia, North America and Europe. Profit rose to 119.4 billion yen ($1.04 billion) in the three months ending Nov. 30. The market's consensus forecast was for 102.6 billion yen, an average of analysts' forecasts from Refinitiv showed. ($1=114.5700 yen) Reporting by Rocky Swift in Tokyo; Editing by Clarence Fernandez
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