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Uniqlo owner Fast Retailing's Q3 profit jumps 45.7%, lifts forecast

Fast Retailing, the Japanese group that owns Uniqlo, said its third-quarter profit jumped 45.7% and raised its full-year forecast. Strong sales supported the company's global growth. The results put the brand on course to overtake H&M.

Shoppers browsing inside a clothing retail store
Shoppers browsing inside a clothing retail storePhoto: Ron Lach / Pexels
Straits Times Business3 h ago9983
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Fast Retailing, owner of the Uniqlo brand, announced that its third-quarter profit rose 45.7% and revised its full-year forecast upward. The strong sales performance reflected the company's growth in international markets.

The Japanese retail giant continues to expand its store network in Asia and other regions. The results put Uniqlo on course to overtake its Swedish rival H&M in sales.

According to analysts, the company's strong brand position and cost management are supporting profitability. Investors are watching how shifts in exchange rates and consumer spending will affect future results.

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Source: Straits Times Business
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This article is an AI-curated summary of the original story published by Straits Times Business. The illustration is a stock photo by Ron Lach from Pexels and is not from the original story.

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