STORY: Fast Retailing raised its yearly outlook on Thursday (January 8).
That after the Uniqlo owner reported its operating profit easily beat analyst expectations.
Profit surged by a third during the September-November period to $1.3 billion - with revenue up 15%.
The Japanese fashion giant further said strong global sales growth helped it deal with U.S. tariffs.
It saw a pickup in sales in its largest overseas market of China.
And pursued an aggressive expansion strategy in North America and Europe.
Profit from its domestic business grew just upward of a fifth from a year earlier.
Many overseas markets also saw double-digit growth in revenue and profit.
Autumn sales in China were strong and the launch of a collaborative business with e-commerce giant JD.com brought in new customers.
Fast Retailing's international segment posted profit growth of just over 41% overall.
Looking ahead, Fast Retailing has raised its operating profit target to $4.14 billion - up from a previous $3.8 billion.



















