Uniqlo owner Fast Retailing is on track for a “record full-year performance” as it delivered strong sales and profit growth across all of its markets, excluding China.
The fashion retailer registered a 21% surge in pre-tax profits to £1bn (196.6bn yen) in the three months to November 30 2024, driven by a 10.4% rise in sales year-on-year to £4.6bn (895.1bn yen).
Revenue across the group’s international division climbed 13.7% to £2.6bn (501.7bn yen), bolstered by a strong performance across its European, North American and South-East Asia, India & Australia markets.
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Uniqlo Europe reported strong revenue and profit gains in the quarter as it continued to open new stores, including its newly renovated and expanded White City Westfield store.
It said same-store sales rose markedly following its decision to launch Winter ranges early, which led to strong sales of seamless down, cashmere, and other winter ranges.
The positive performance comes as the Uniqlo owner continues to battle sharp declines in profits and revenue in its greater and mainland China arms after “failing to compile sufficient product mixes suited to warm winter weather or develop a sufficiently detailed response to the minute needs of individual regions”.
The retailer made no change to its 2025 full-year forecast and expects to deliver sales of £18bn (3.4trn yen), up 9.5% year-on-year, and a 5.8% rise in operating profit to £2.7bn (530bn yen).
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