Fast Retailing shares soar to record high
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Fast Retailing is upgraded to Buy after a profit beat and raised guidance. Click here to read my earnings analysis of FRCOY stock.
Fast Retailing Co., operator of Uniqlo clothing stores, reported record sales and profits but warned that its products may become more expensive down the road due to rising oil prices.
Fast Retailing’s fiscal first quarter net profit jumped thanks to sharp increases in revenue and profits at its Uniqlo outlets internationally and in Japan. Net profit in the September-to-November quarter rose 27%, compared with the same period a year ...
Fast Retailing owns Uniqlo, a Japanese clothing brand focused on high quality and sustainability. Uniqlo competes with fast fashion retailers like Zara and H&M by offering affordable prices for high-quality clothing. Uniqlo utilizes technology and ...
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