UNIQLO 2019 Three Quarter Keywords: GU, Nearly 100 Billion, Chinese Market

In July 11th, UNIQLO UNIQLO parent fast Marketing Group announced its performance report for the first three quarters of May 31st, ending the 2019 fiscal year.

The total revenue in the first three quarters of the fast selling market amounted to 18228 billion yen (115 billion 708 million yuan), an increase of 7% over the same period last year, with a profit margin of 247 billion 600 million yen (15 billion 681 million yuan), an increase of 3.7% over the same period last year, resulting in a double increase in earnings and profits.

During the period, the total profit before tax was recorded at 247 billion 200 million yen (15 billion 655 million yuan), an increase of 4.1% compared with the same period last year. The profit attributable to the parent company was 158 billion 600 million yen (about 10 billion 44 million yuan), up 7% over the same period last year.

The report shows that both XXX group's consolidated earnings and operating profits have recorded growth. In various undertakings, Japan's UNIQLO earnings and profits have declined to varying degrees; overseas UNIQLO has achieved double growth in profits and profits; GU business has recorded double gains in profits and profits; the global brand division has lost revenue and profits growth, and the extent of its losses has eased.

UNIQLO brand, Japan's UNIQLO cumulative earnings in the first three quarters of 701 billion yen (44 billion 395 million yuan), a slight decline of 0.5% over the same period, operating profit of 96 billion 700 million yen (6 billion 124 million yuan), down 19.5% over the same period, mainly due to the impact of warm winter, resulting in a discount rate expansion.

In the third quarter, the net sales of the same store, including online stores, dropped by 0.1% compared to the same period last year, resulting in a 0.5% year-on-year decline in revenue. In the third quarter, UNIQLO introduced Japan's clothing series, anti UV series, tight pants, T-shirts and other commodities, although it maintained a strong sales. However, the date of holding the "UNIQLO birth Thanksgiving Day" was postponed to June, resulting in a decline in net sales in the same store in May.

Compared to the relative weakness of UNIQLO in Japan, the overseas UNIQLO market was strong, with a cumulative gain of 820 billion 500 million yen in the first three quarters, up 14.6% over the same period last year, and operating profit of 124 billion 800 million yen, up 11.1% over the same period last year, resulting in a double rise in profits and gains. In the third quarter, earnings and operating profits increased by 15.3 and 14.9% respectively in the single quarter.

The Chinese market still has the biggest credit. Although South Korea, the United States and other markets have seen a decline in sales, leading to the expected performance, but in the mainland market profit growth of more than 20% driven by the Greater China region, the overall profit achieved double-digit growth, far higher than the overall brand growth level, but also led to the group's overall growth level.

In the first three quarters of UNIQLO, the total revenue of the global market was 15215 billion yen (equivalent to RMB 96 billion 580 million yuan), which accounted for over 80% of the total revenue of the XXX group, which is still the most profitable clothing brand of XXX group.

GU, another big brand of fast selling, gained 185 billion 300 million yen (11 billion 735 million yuan) in the first three quarters, up 11.2% compared with the same period last year, and business profits rose sharply to 26 billion 300 million yen (1 billion 666 million yuan), up 74.5% over the same period last year.

Among them, the third quarter single quarter GU, revenue rose 12.1% compared to the same period, operating profit rose 105.8% over the same period, mainly because GU in the third quarter continued to select the number of commodities in spring and summer, and focused on the main trend of commodity composition.

In addition, the global brand, the first three quarters of the cumulative gain of 113 billion 600 million yen (about 7 billion 194 million), down 1% compared to the same period, operating profit of 4 billion 600 million yuan (about 291 million), showing a decline in profits and profit growth.

Xun group said that the group's medium-term vision is to become the world's first apparel retailer as a "digital consumer retail enterprise". To achieve this goal, it has been committed to expand its e-commerce business in UNIQLO, GU and global markets.

The total cost of XXX in the three quarter amounted to 642 billion 100 million yen (40 billion 700 million yuan), up 7.3% from last year.

During the reporting period, UNIQLO entered the Holland market for the first time in September 2018 and opened the Amsterdam store. In October 2018, the largest flagship store in Southeast Asia opened in Manila, Philippines. In April 2019, the first Danish store opened in Copenhagen.