Growth for Fast Retailing (Uniqlo) thanks to Chinese sales

Growth for Fast Retailing (Uniqlo) thanks to Chinese sales

Japanese fashion group Fast Retailing has done very well in the first 9 months of its fiscal year, thanks to strong sales in China and in other parts of Asia.

Drop in Japan

Third quarter net profit grew 36 % to 27.6 billion yen (202 million euro) and for the three quarters combined, net profit reached 132.3 billion yen (968 million euro), up 52 % compared to a year ago.

 

Turnover reached 398.4 billion yen (2.92 billion euro) in the past quarter, which was pretty much in line with what analysts had expected. Sales were mainly up thanks to excellent results in China and South Korea. Japan, its home territory, had a 12 % turnover increase over the past 3 quarters, but had to deal with a 11.7 % drop in June, its largest drop since October 2013 although the cold weather was to blame.

 

Fast Retailing, store chain Uniqlo's parent company, expects full-year turnover to grow 19.3 % and that its operational profit will grow 53.4 %.

Questions or comments? Please feel free to contact the editors


FrieslandCampina sells fruit juice division

17/08/2017

Dairy company FrieslandCampina has sold its fruit juice division, which also contained the Appelsientje brand to Dutch investment firm Standard Investment.

Carlsberg's turnover increases despite lower volumes

16/08/2017

In the first half of the year, Danish beer brewer Carlsberg’s turnover grew 2 % to 31.8 billion krona (4.3 billion euro). The improves sales for its more expensive beers, like Grimbergen, contributed to this turnover increase.

Losses keep growing for HelloFresh

14/08/2017

Over the course of the first half of 2017, meal box delivery service HelloFresh has seen both its turnover and its losses grow significantly. This gives mixed messages in the preparation of its IPO, which is planned for the fall of 2017 to create room for more investments.

Italian gelato is European market leader

11/08/2017

Italian cuisine is revered all across the globe, with people often thinking of pizza and pasta. However, Italians also have an ironclad reputation when it comes to ice cream. This is also reflected in sales, as Italians are the European market leader.

Oprah Winfrey and Kraft Heinz join forces

10/08/2017

American tv star Oprah Winfrey has joined forces with Kraft Heinz to develop a range of “healthy and nutritious soups and side dishes”. The range, currently only available in the United States, should help Kraft Heinz generate turnover growth once more.

Ahold Delhaize continues to struggle in Belgium

09/08/2017

Belgian-Dutch supermarket group Ahold Delhaize has had a very good second quarter, with the company thinking last year's merger could result in lower costs than previously anticipated. On the other hand, Belgium's performance is still weak.

Back to top