TOKYO (Reuters) – Japan’s Fast Retailing Co said on Thursday that first quarter operating profit jumped 25%, as the Uniqlo operator charts a third-straight year of record earnings.
Profit was 146.7 billion yen ($1.01 billion) in the three months through November compared with 117.1 billion yen a year earlier.
The consensus forecast was for 137.9 billion yen, according to the average estimate of five analysts surveyed by LSEG.
Fast Retailing held its full-year operating profit forecast of 450 billion yen, following record earnings of 381.1 billion yen in fiscal 2023.
($1 = 145.4700 yen)
(Reporting by Rocky Swift; Editing by Jacqueline Wong)
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