Fast Retailing reaches ¥3 trln in FY24, driven by Uniqlo's global growth By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2024
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Source: Investing.com
Strong Financial Performance: Fast Retailing Co., the parent company of Uniqlo, reported a significant increase in revenue and profit for FY2024, with consolidated revenue rising 12.2% to ¥3.1 trillion and operating profit jumping 31.4% to ¥500.9 billion, driven by growth in both domestic and international markets.
Mixed Results Across Brands: While Uniqlo Japan and International saw substantial revenue increases, GU also performed well, but the Global Brands segment faced challenges with a 2% revenue decline and a 76.2% drop in business profit due to store reductions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
