By Fast Retailing, the owner of Uniqlo, is set to announce its first-quarter results on Thursday.
Net Profit Forecast
Analysts predict that Fast Retailing will see a 13% increase in net profit, reaching 96 billion yen ($664.5 million) for the quarter ended November 30. This compares to a net profit of 85.07 billion yen during the same period last year.
Revenue Forecast
First-quarter revenue is estimated to have grown by 11% to 794.50 billion yen, according to analysts. In the previous year, Fast Retailing generated 716.39 billion yen in revenue during the same period.
What to Look Out For
Guidance
Fast Retailing previously provided guidance for the current fiscal year, forecasting a 10% increase in revenue to 3.05 trillion yen, an 18% climb in operating profit to 450.00 billion yen, and a 4.6% rise in net profit to 310.00 billion yen.
Margin
Investors will be interested in any improvements in Fast Retailing’s gross profit margin. The company’s consolidated gross profit margin decreased by 0.9 percentage points to 53.1% in the first quarter of the previous fiscal year.
International Performance
Analysts expect Uniqlo’s international business to drive the company’s success, with the first-quarter operating profit estimated to exceed 75 billion yen. This is due to a rebound in demand from China and strong momentum in South Korea, Southeast Asia, and Oceania.
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