Newscasts - Uniqlo owner Fast Retailing hikes annual forecast on profit surge

FAST RETAILING

08/01/2026 11:28

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Source: 'Reuters - Business videos'

Description: The operator of the Uniqlo clothing brand, Japan's Fast Retailing, said quarterly operating profit surged by a third and it bumped up its annual outlook, citing robust sales growth globally that helped it absorb U.S. tariffs. Ciara Lee reports.

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Video Transcript:

Fast Retailing raised its yearly outlook on Thursday, that after the Uniqlo operator reported operating profit easily beat analyst expectations. Profits surged by a third during the September to November period to $1.3 billion, with revenue up 15%. The Japanese fashion giant further said strong global sales growth helped it deal with US tariffs. It saw a pick-up in sales in its largest overseas market of China and pursued an aggressive expansion strategy in North America and Europe. Profit from its domestic business grew just upward of a fifth from a year earlier. Many overseas markets also saw double-digit growth in revenue and profit. Autumn sales in China were strong and the launch of a collaborative business with e-commerce giant JD.com brought in new customers. Fast Retailing's international segment posted profit growth of just over 41% overall. Looking ahead, Fast Retailing has raised its operating profit target to $4.14 billion, up from a previous $3.8 billion.