Fast Retailing's Net Profit Jumps 27%, Boosted by Global Revenue
By Ronnie Harui
Fast Retailing's fiscal first quarter net profit jumped thanks to sharp increases in revenue and profits at its Uniqlo outlets internationally and in Japan.
Net profit in the September-to-November quarter rose 27%, compared with the same period a year earlier, to 107.80 billion yen ($739.57 million), the owner of the Uniqlo clothing company said Thursday.
That beat the Y96 billion net profit estimate from a poll of analysts by FactSet.
Revenue rose 13.2% on year to Y810.83 billion in the fiscal first quarter, while operating profit increased 25.3% to Y146.69 billion.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
January 11, 2024 01:43 ET (06:43 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now