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Fast Retailing Q3 Results

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Net Profit Forecast

Fast Retailing, the owner of Uniqlo, is expected to report a 23% decrease in net profit for the third quarter, bringing it to 70.23 billion yen ($499.9 million) for the period ended May 31, according to analysts polled by FactSet.

Revenue Forecast

Third-quarter revenue is estimated to have increased by 16% compared to the previous year, reaching 633.14 billion yen, according to the FactSet poll.

Key Points to Watch

Guidance

In April, Fast Retailing revised its revenue and net profit forecasts for the fiscal year ending in August. The company projected a 16.5% increase in revenue to 2.680 trillion yen and a 12% decrease in net profit to 240.00 billion yen. Investors will be paying close attention to any potential changes in the company’s annual guidance.

Margin

The operating-profit margin for the first half of the year declined to 15.0% from 15.5% in the same period last year. Given the global challenges related to high inflation, investors will be closely monitoring margin trends.

Sales by Geography

During the first half of the year, Uniqlo saw a 12% revenue increase in Japan and a 34% increase in North America and Europe. In China, Hong Kong, and Taiwan, revenue grew by 4.6%, while it surged by 71% in the rest of Asia Oceania. Investors are particularly interested in the sales growth in these key regions.

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