TOKYO (Reuters) – The Japanese operator of the global Uniqlo clothing chain said on Thursday that first-quarter operating profit rose 7.4%, a solid start to its plan to achieve record profits for a fourth-straight year.
Fast Retailing said that operating profit was 157.6 billion yen in the three months through November.
That compares with 146.7 billion yen a year earlier and trailed an LSEG consensus forecast of 160 billion yen drawn from six analysts.
Fast Retailing held its full-year operating profit forecast of 530 billion yen, following record earnings of 500.9 billion yen last year.
(Reporting by Rocky Swift; Editing by Kim Coghill)
