Fast Retailing Raises Forecast as Operating Profit Surges

Japan’s Fast Retailing , the owner of clothing brand Uniqlo, reported on Thursday that its nine-month operating profit soared 22 percent.

Profit rose to 330.6 billion yen ($2.38 billion) from 271.1 billion yen in the year-earlier period. The company raised its full-year profit forecast to 370 billion yen from 360 billion yen.

That compares with an average estimate of 363 billion yen in annual operating profit, based on a poll of 14 analysts polled by Refinitiv.

By Rocky Swift; Editor: Stephen Coates

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