Fast Retailing Japan reports double-digit growth
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In the first fiscal quarter ended 30 November,, the Japanese clothing giant Fast Retailing has totaled revenues of JPY479.5 billion yen (USD4 billion) , an increase of 23 percent over the same period before . For the full year , the management estimates that sales will reach the level of JPY1.6 trillion yen (USD13.5 billion) , an increase of 15.7 percent. In quarter operating profits of the Japanese group were up 39.9 percent to JPY91.3 billion (USD770.7 million) and earnings reached JPY68.8 billion (USD580.8 million) ( + 63.9 percent) .
Questions & Answers
Q.What were Fast Retailing's total revenues for the first fiscal quarter?
What were Fast Retailing's total revenues for the first fiscal quarter?
Total revenues for the first fiscal quarter reached JPY479.5 billion (USD4 billion), representing a 23 percent increase over the same period previously.
Q.What is the estimated sales growth for Fast Retailing for the full year?
What is the estimated sales growth for Fast Retailing for the full year?
Management estimates full-year sales will reach JPY1.6 trillion (USD13.5 billion), an increase of 15.7 percent.
Q.How much did Fast Retailing's operating profits increase in the first quarter?
How much did Fast Retailing's operating profits increase in the first quarter?
Operating profits for the Japanese group rose by 39.9 percent in the quarter, reaching JPY91.3 billion (USD770.7 million).
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Is Fast Retailing's growth sustainable?
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