Another Robust set of Results for Fast Retailing Driven by Stunning Performance of Uniqlo Business
No-moat Fast Retailing again posted a robust set of quarterly results with a 12% growth in top line and nearly 40% growth in business profits (gross profits–SG&A) thanks to rigorous cost control and reduced discounts in part due to solid demand in many markets including Japan and China. While the results seem to trend ahead of its guidance, management has maintained the full-year target as recent weakness in Uniqlo Japan and the sister brand GU overcasts the earnings outlook of the fourth qu...Fast Retailing is engaged in the control and management of overall group activities as a holding company. Co., through its subsidiaries, is mainly involved in the operation of chain stores, selling casual clothing and accessories at reasonable prices, called "UNIQLO" throughout Japan as well as in overseas. Co., through its subsidiaries, is also engaged in the planning, manufacture and sale of clothing under the brand names of "GU," "Theory," "COMPTOIR DES COTONNIERS," "PRINCESSE tam.tam" and "J Brand." In addition, Co. is engaged in the leasing of real estate.
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