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Uniqlo proprietor Quick Retailing has stored its outlook for revenue and gross sales intact for the present fiscal 12 months, as development in abroad markets seems to be making up for any elevated prices stemming from the retailer’s choice to lift worker wages in Japan.
Working revenue for the 12 months ending August is forecast to achieve ¥350 billion ($2.7 billion), the clothes retailer stated in an announcement on Thursday. That compares with the ¥357 billion common projected by analysts. Internet gross sales are seen at ¥2.65 trillion, consistent with analysts’ prediction.
The retailer, which is elevating salaries in Japan as inflation picks up, reported earnings of ¥117 billion for the three months that resulted in November, lacking analysts’ projection for ¥140 billion primarily based on the common of estimates compiled by Bloomberg. Gross sales rose 14% to ¥716 billion — analysts have been predicting income of ¥721 billion.
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