Uniqlo operator Fast Retailing’s Q1 profit soars on strong overseas sales

Fast Retailing said on Thursday that strong overseas sales drove a 25% rise in first quarter operating profit, as the Uniqlo operator charts a third-straight year of record earnings.

Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.

The consensus forecast was for ¥137.9 billion, according to the average estimate of five analysts surveyed by LSEG.