Fast Retailing Q3 earnings beat, raises FY2026 profit outlook

Earnings
โดย The Wall Street Journal·Read original
Summary · why it matters

Fast Retailing reported third-quarter results on Thursday, lifting its full-year profit guidance for the third consecutive quarter as sales at Uniqlo locations across all major regions climbed. Operating profit for the fiscal third quarter, covering the three months through May 31, climbed to 213.79 billion yen, a gain of nearly 46% compared with the same period a year ago. Net profit jumped 39% from a year earlier to 146.7 billion yen, on revenue of 1.01 trillion yen, up 22%. For the full fiscal year ending August, Fast Retailing now expects revenue of 3.97 trillion yen, up 16.7% from a year earlier, and net profit of 500 billion yen, up 15.5%. The company revised both figures upward — by 70 billion yen for revenue and 20 billion yen for net profit — compared with guidance issued in April. Expansion in the United States stood out as a meaningful contributor to quarterly growth, with recently opened stores in New York, Chicago, and Boston boosting American sales, while Europe also posted double-digit gains. In Mainland China, shuttering unprofitable locations helped lift profit margins, and the segment recorded both revenue growth and double-digit profit gains during the quarter. Despite the strong results, Fast Retailing flagged headwinds including a weakening yen that is bearing down on its cost base, prompting a roughly 4% price increase on select fall and winter merchandise sold in Japan, and extreme heat across Europe that weighed on regional sales through temporary store closures and reduced shopper activity.

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