Fast Retailing, the Japanese owner of clothing brand Uniqlo, reported a 45.7% increase in quarterly profit on Thursday. The company’s operating profit was 213.79 billion yen ($1.32 billion) in the three months through May, compared to 146.74 billion yen for the same period a year earlier.
The company raised its full-year operating profit forecast to 730 billion yen from 700 billion yen, citing its ability to weather the impact of the Iran war on its supply chains and logistics.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
