Uniqlo's first-half revenue growth of 37.7%

On April 12, UNIQLO’s parent company Fast Retailing Group released its first-half results for fiscal year 2018. As of February 28, 2018, Fast Retailing Group's total revenue was RMB 69.75 billion, an increase of 16.6% year-on-year. Among them, the Uniqlo brand's total revenue in the first half of the year was 58.83 billion yuan, a year-on-year increase of 37.7%. Fast Retailing explained that the main reason for the increase in performance was the winter cold in the previous year, and sales of winter products such as down jackets increased significantly.

According to financial data, the total operating profit of Gap EU Coupons Fast Retailing Group in the first half of fiscal year 2018 was approximately RMB 10 billion, a year-on-year increase of 30.5%. Of which, the cumulative revenue from overseas operations was approximately 29.75 billion yuan, a year-on-year increase of 29.2%, operating profit was 4.73 billion yuan, an increase of 65.6%; operating profit as a percentage of revenue increased to 15.9%, an improvement of 3.5 percentage points over the same period last year. The company explained that the increase in operating profit was due to the adjustment of global commodity composition during the period, the improvement of the accuracy of the numerical plan, and no longer relying on reforms such as discounts.

In addition, Japan's cumulative local revenue was 28.97 billion yuan, an increase of 8.5% over the same period of last year, operating profit was 5.21 billion yuan, an increase of 29% over the same period of last year; in addition, net sales including online stores increased by 8.4% year-on-year, online sales The amount increased 31.6% year-on-year, accounting for 7.5% of revenue. Fast Retailing Group stated that the increase in local business performance is due to the fact that this year is colder than in previous years. Sales of HEATTECH, down jackets, fleece, sportswear, warm pants and other cold-proof clothing are relatively large; in addition, production, logistics, and sales The three parties estimated in advance that UNIQLO adjusted its inventory of commodities and adjusted sales prices for poorly-sold products as early as possible, so it achieved better results in the autumn and winter of the year.