The company raised its full-year net profit outlook to 500 billion yen after reporting a 39% jump in Q3 net income.
Fast Retailing posted a 39% year-on-year increase in third-quarter net profit to 146.7 billion yen, exceeding analyst expectations of 118.9 billion yen. Operating profit surged 46% to 213.79 billion yen, while revenue rose 22% to 1.01 trillion yen, driven by strong sales across Uniqlo stores in the U.S. and Europe.
The company revised its full-year guidance upward, now projecting revenue of 3.97 trillion yen and net profit of 500 billion yen, up 70 billion yen and 20 billion yen from April estimates, respectively. Analysts had previously forecast operating profit of 177.73 billion yen for the quarter.
Growth in the U.S. was highlighted, with new stores in New York, Chicago, and Boston contributing to double-digit revenue and profit gains in the region. Europe also delivered double-digit growth, supporting the company’s expansion strategy.