UNIQLO Catch Up With H&M And Zara To Reappear Dawn
According to the world clothing shoes and hats net, April 12, 2018: Fast Retailing Co. Ltd. (9983.T)
Fast marketing
In the first half of the fiscal year, the group achieved double-digit growth in almost all of its comprehensive performance, and raised its annual revenue and earnings growth expectations, making it a zero sale when the world's two largest apparel giants Inditex SA (ITX.MC) Indo Textile Group and Hennes & Mauritz AB (HMb.ST) slowed down.
market
A rare highlight.
At the press conference, Ryui Masa, founder of Tadashi Yanai, said that the "Asian era" was finally coming.
The Japanese group also saw many years of catching up with China's strong consumer market.
Zara
And H&M, the goal of becoming the world's largest clothing retailer, is finally reappearing.
Thanks to the boost from overseas Uniqlo uniqo business, Fast Retailing Co. Ltd. medium term revenue grew by 16.6% to 11867 billion yen, about $11 billion 75 million, of which 42.7%, or 507 billion 400 million yen, from overseas Uniqlo uniqo business, 29.2% annual increase, and operating profit increased by 65.6% to 80 billion 700 million yen.
During the period, the group continued to adjust the composition of commodities, improve the accuracy of the numerical plan, and break away from the discount based sales strategy, so that the business profit margin of the business was greatly improved by 350 basis points.
The group pointed out that the performance of all regions exceeded expectations, especially in North America, Greater China and South Korea, and the United States also expanded the sales volume of core commodities on the basis of the above strategies, thereby significantly reducing operating losses.
Japan's Uniqlo UNIQLO, GU excellent and global brands recorded three, 8.5%, 8.3% and 11.4% revenue growth, all lower than the group average.
However, management reported in the earnings report that the sales growth of 8.4% Uniqlo stores in the Japanese local market increased by 0.1% (compared to the same period last year) and the 29% operating profit increase has gone far beyond expectations. This is mainly due to the local cold weather, which has promoted the sales of thermal underwear such as Heatech underwear, down garments and fleece. Furthermore, 7.5% of the sales outlets also recorded a 31.6% strong growth.
In the second half of the fiscal year, the sales situation was further warming. In the spring and summer of March, the best seller of new products stimulated the same store sales to soar by 13%, the highest growth rate since July 2016.
Ryui Masa hopes to become the second fast fashion brand of Uniqlo UNIQLO, which is the top of the list. GU is extremely vulnerable to the lack of cold clothing and caters to the demand.
The global brand business dominated by fashion brands has worsened. The French women's clothing brand Comptoir des Cotonniers and Theory's Helmut Lang all suffered impairment losses. The French underwear brand Princess tam.tam and the American high-end Cowboy brand J Brand also suffered a continuous loss, resulting in a 5 billion 600 million yen operating loss.
In the first half of fiscal year, Fast Retailing Co. Ltd. achieved a profit of 170 billion 400 million yen, an increase of 30.5% over the same period last year, which means that the operating profit in the two quarter increased by 35% to 56 billion 600 million yen, much better than the 49 billion 100 million yen expected by the market.
Net profit increased by 7.1% to 104 billion 100 million yen per annualized year.
Gross margins and operating margins increased by 70 and 160 basis points to 49.3% and 14.4% respectively.
Management now expects year-end revenue growth at the end of August to 13.3% yen to 2 trillion and 110 billion yen, or about 19 billion 644 million US dollars, after an expected increase of 10.1%. The operating profit and net profit growth guidelines were also raised to 27.5% and 9% from 13.4% and 0.6% in the first quarter, respectively. The latest operating profit outlook is 225 billion yen, or about 2 billion 110 million dollars, which is higher than the comprehensive expectation of Thomson Reuters I/B/E/S, and the annual dividend will also increase from yen to yen per share.
Uniqlo UNIQLO is located in Barcelona's first store in Spain.
In September 2017, Uniqlo UNIQLO entered the largest apparel retailer in the world and the birthplace of Inditex SA India and textile group, Zara's parent enterprise. So far, two stores have been opened, and Fast Retailing Co. Ltd. Express has made a good start in its earnings report.
In the second half of the fiscal year, the brand will also enter Sweden for the first time in the world's second largest clothing retailer, H&M parent Hennes & Mauritz AB.
In contrast to Fast Retailing Co. Ltd., sales growth in the past two years, the loss of customers and the strong momentum of rapid recovery from the sale of discount based sales, on the contrary, last year, the sales growth of Inditex SA Indo Textile Group slowed to a three year low. The profit margin also shrinks to the lowest level in ten years while promoting the pformation of e-commerce and the technology of physical retailing. Hennes & Mauritz AB has enjoyed the bitter fruit of ten years of radical entity expansion and the pformation of the electricity supplier. Since the beginning of 2014, the monthly sales data of the same store began to cover up the fact that the growth slowed down. In the end, sales retrogression occurred in the holiday season in 2017, and the first quarter sales growth could not be achieved for the first time since 1998.
The Fast Retailing Co. Ltd. Express Group expects that by the end of August, the total number of stores will reach 3455, with 831 and 1246 stores in Japan and overseas, and 394 in GU's best stores.
The total number of Hennes & Mauritz AB stores in the world as of February 28th is 4743, with a net increase of 200 stores throughout the year.
Fast Retailing Co. Ltd. (9983.T) 12 days reported 46900 yen, an increase of 2.07% throughout the day, and the stock recorded a 34.5% increase in the past 12 months.
More interesting reports, please pay attention to the world clothing shoes and hats net.
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