Fast Retailing’s first-quarter revenues increased by 10.4 per cent to US $ 6.09 billion, while its business profit increased by 11 per cent to US $ 1.07 billion. The quarter’s operating profit increased 7.4 per cent to US $ 1.07 billion.
Consolidated revenue of US $ 23.12 billion, up 9.5 per cent, consolidated operating profit of US $ 3.60 billion, up 5.8 per cent, and profit attributable to parent company shareholders of US $ 2.62 billion, up 3.5 per cent, are the business’s first projections for FY ’25.
Uniqlo Japan’s revenue of US $ 1.81 billion grew by 9 per cent, its operating profit improved by 12.1 per cent to US $ 0.35 billion, and same-store sales increased by 7.3 per cent. Positive sales in September and November, which both offered appropriate product combinations for warmer and colder weather, respectively, were cited by the firm as the reasons for the impressive performance in Japan. The performance was also influenced by the 40th Uniqlo Thank You Festival.
Uniqlo International’s operating profit of US $ 0.57 billion grew by 7.4 per cent, while its revenue of US $ 3.41 billion grew by 13.7 per cent. The company reported that while Southeast Asia, India, and Australia saw significant increases in revenue and profit, Greater and Mainland China saw a dramatic fall in both. Europe and North America also saw growth of revenue and profit.
Operating profit of US $ 66.64 million fell 20.2 per cent, but GU brand revenue of US $ 0.61 billion increased 3.1 per cent. According to the corporation, the lack of development of popular products and the scarcity of popular commodities caused same-store sales to be stagnant year over year.
However, thanks to better SG&A ratios at Theory and all other labels, Global Brands’ operating profit increased 373.3 per cent to US $ 12.24 million, although its revenue of US $ 0.24 billion fell 2.4 per cent.
