Fast Retailing Posts Rise In Profit, Lifts Full-Year Outlook

Fast Retailing Co. Ltd. FRCOY reported a rise in its profit for the six months through February and raised its earnings outlook for the full year. Fast Retailing now projects a net profit of Y120 billion on revenue of Y1.65 trillion ($13.7 billion). The company had earlier expected earnings of Y100 billion on revenue of Y1.6 trillion. Fast Retailing posted a net profit of Y104.75 billion for the first half, versus a year-ago profit of Y67.08 billion. Its sales climbed 24% to Y949.68 billion. The company's sales at Uniqlo stores in Japan gained 12.1%, while international sales jumped 48.9%. Fast Retailing shares rose 0.05% to close at $39.75 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!