Fast Retailing, Uniqlo's parent, projects a 24% annual profit increase and three years of record earnings driven by expansion in Western markets and China.

Fast Retailing, the parent company of Uniqlo, is set to report a 24% annual profit increase, marking three years of record earnings. This growth comes from Uniqlo's expansion in Western markets and a rebound in China. Operating profit for the year ending in August is projected at 478.3 billion yen, slightly above previous forecasts. Fast Retailing's shares have surged 43% in 2024, reflecting a consumer shift toward value in a post-COVID landscape.

October 09, 2024
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