Fast Retailing, the parent company of Uniqlo, reported a 45.7% surge in third-quarter operating profit, prompting the firm to lift its full-year forecast, according to Inside Retail Asia.
The Japanese retail giant now expects full-year operating profit of 730 billion yen ($5.1 billion), up from its previous guidance of 700 billion yen. The upward revision reflects robust sales in key markets and improved profit margins.
Fast Retailing's performance underscores the resilience of the fast-fashion sector in Asia, with strong demand for affordable basics driving growth. The company continues to expand its global footprint, particularly in Southeast Asia and North America.