Fast Retailing H1 Operating Profit Increased by 16% to 220 Billion Yen, Uniqlo Began to Recover in Its Largest Overseas Market China

4月 17, 2023

April 13, Fast Retailing, the parent company of Japanese clothing brands Uniqlo, GU, and Theory, released its financial data for the first half of FY2023, ending February 2023: in H1, the group’s operating profit increased by 16% to 220 billion yen.
At the same time, due to signs of recovery in the Chinese market, strong growth momentum, and growth in sales of group brands in Europe and North America, the group raised its full-year profit forecast from 350 billion yen in Q1 to 360 billion yen, higher than the average expectation of 347 billion yen by 14 analysts collected by Ref …