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Uniqlo Owner Seen Posting 11% Profit Bump on Q2 Overseas Sales
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Uniqlo owner seen posting 11% profit bump on Q2 overseas sales By Reuters
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The Japanese operator of global clothing heavyweight Uniqlo is expected to post a stronger quarterly profit on Thursday as its overseas units make up for slowing growth at home. The increase builds the first quarter, when Fast Retailing posted a 25% jump in earnings on the back of strong results in China, its biggest foreign market. The company conservatively left its forward guidance unchanged after those results, so second-quarter results may top consensus figures, according to LightStream Research analyst Oshadhi Kumarasiri.
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