Uniqlo International and GU drive sales and profit growth at Fast Retailing

For the year ended August 31, 2019, Fast Retailing Co. Ltd., parent of Uniqlo brand announced consolidated revenues of 2.2905 trillion yen, up 7.5 percent and operating profit of 257.6 billion yen, up 9.1 percent on the prior year. The company said in a statement that this impressive performance was due largely to strong results from Uniqlo International, and significant increases in both revenue and profit of GU casual fashion brand. The consolidated gross profit margin declined by 0.4 points, while profit before income taxes expanded to 252.4 billion yen, up 4 percent and profit attributable to owners of the Parent increased to 162.5 billion yen, an increase of 5 percent compared to the prior year.