Uniqlo parent company records sales and profit uptick

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Uniqlo

Fast Retailing has recorded a rise in revenue and profit for both its third quarter and the first nine months of its fiscal year, boosted by international sales from its Uniqlo fascia.

The Japanese company posted a 8.9 per cent year-on-year rise in third-quarter revenue and a 7.5 per cent year-on-year gain in operating profit.

For the nine month period ending May 31, Fast Retailing said consolidated revenue totaled 1,477.9 billion yen (£10.07 billion), a three per cent rise, while operating profit increased by 23.9 per cent to 180.6 billion yen (£1.23 billion).

READ MORE: Uniqlo owner posts 80% profit jump

The retail giant also said consolidated gross profit margin improved by 0.7 point.

Fast Retailing’s Uniqlo International arm on its own expanded revenue by 5.4 per cent to 561.5 billion yen (£3.82 billion) while operating profit rose 61.3 per cent to 68.1 billion yen (£464.08 million).

Uniqlo currently operates 10 stores in the UK.

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