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Uniqlo owner Fast Retailing Co. expects annual profit to reach a record high, as a weaker yen and strong sales globally outpaced the collapse in China due to COVID-19 lockdowns.
The Japanese store raised its full-year operating forecast to 290 billion yen ($2. 1 billion) from an earlier estimate of 270 billion yen, according to Thursday. This exceeded analysts’ projections and, if achieved, would surpass the previous record. set at 2019.
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