The Japanese Fast Retailing said Thursday that sales of its Uniqlo stores abroad had overtaken domestic demand for the first time, with Asia's largest retailer making quarterly profits exceeding expectations of the company. market.
Boosted by strong performance in China and throughout Asia, sales abroad of the Uniqlo chain, cheap and chic, soared nearly a third to 258 billion yen ($ 2.3 billion). Uniqlo also had solid revenue growth in the United States, France and Russia.
Total net profit reached 78.5 billion yen in the three months to November, up 12.7% from the same period last year, according to Fast Retailing, competitor of Zara, Gap and H & M.
The result beat a median forecast of 63 billion yen of analysts surveyed by Bloomberg.