bearish

Fast Retailing (9983) | Positive Q3 Outlook, but Priced In

500 Views11 Jun 2024 21:35
​Fast Retailing will report Q3 results soon, with Uniqlo Japan showing strong performance in May. Earnings estimates are maintained despite a slight stock decline.
What is covered in the Full Insight:
  • Q3 sales performance of Uniqlo Japan.
  • Projected Q3 operating profit
  • Full year earnings estimates
  • Long-term outlooks
  • Upside and Downside Risks
Boomeranged on Thu, 27 Jun 2024 17:39
H&M reported Q2 results with sales growth +3% and gross profits +11% YoY. Inditex, which reported a month earlier, saw sales +7% YoY. Both companies bode well for Fast’s upcoming Q3 report. However, H&M stock down 13% today. Company warning of sales weakness in June (-6% YoY) and slight gpm impact on discounting. No change to the view on Fast from the latest note.
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Mark Chadwick
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