Uniqlo’s Owner Boosts Profit Outlook as Overseas Sales Expand

Fast Retailing Co. raised its full-year operating profit outlook, thanks to strong margins and gains driven by strong Uniqlo demand in the US and Europe, reflecting the growing contribution of the apparel maker’s international business.

The Japanese clothing company now sees operating income of ¥700 billion ($4.4 billion), compared with its previous guidance of ¥650 billion for the fiscal period through August. That’s well above analysts’ average estimate for ¥657 billion.