Fast Retailing, Which Operates Uniqlo Stores, Tipped to Post 1Q Net Profit Gain of 3.3% — Earnings Preview

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by Kosaku Narioka

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Fast Retailing Co. is scheduled to report its first quarter results on Thursday. Here’s what you need to know:

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Net profit forecast: According to a survey of analysts by Quik, the uniqlo-store operator expects net profit to be 72.73 billion yen ($630.8 million), a 3.3% increase from a year ago, for the quarter ended November 30 Is.

Revenue Forecast: According to the Quick Poll, Fast Retailing’s first quarter revenue is projected to be largely flat at Y620.04 billion compared to Y619.80 billion a year ago.

what to watch:

–Outlook: In October, Fast Retailing reported a 3.0% increase in net profit to Y175.00 billion for the fiscal year ending August 31. Investors are wary of any changes to fiscal year guidance. Last week, the company said Uniqlo same-store and e-commerce sales in Japan in December fell 11.1% from a year earlier, partly due to warmer weather.

–Outlet expansion: The company added 65 Uniqlo stores in mainland China and 8 stores in Indonesia during the last fiscal year. Investors will focus on the pace of store additions and their geographic balance.

Write to Kosaku Narioka at [email protected]

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