Uniqlo owner posts 29% jump in Q3 operating profit, raises forecast

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The story "Uniqlo owner posts 29% jump in Q3 operating profit, raises forecast" was covered 2 weeks ago by Channel News Asia, a news publisher based in Singapore.

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Uniqlo owner posts 29% jump in Q3 operating profit, raises forecast - Channel News Asia

Quick Summary:

TOKYO : Japan's Fast Retailing, the owner of clothing brand Uniqlo, said on Thursday its third-quarter operating profit surged 29 per cent.Profit rose to 144.7 billion yen ($894.81 million) in the three months to May 31 from 112.5 billion yen in the year-earlier period.

The company raised its full-year profit forecast to 475 billion yen from 450 billion yen.

The consensus forecast was for earnings of 127.1 billion yen, based on a LSEG poll of six analysts.