Uniqlo has revealed its Q3 results with the business posting a 15% year-on-year growth in revenue for the quarter at ¥419.3 billion.
In the South-East Asia and Oceania regions, the group reported a continued double-digit growth in same-store sales on the back of strong sales in t-shirts, polo shirts and short pants.
Uniqlo's international operations generated a total revenue of ¥208.6 billion, up 23.7% on Q3 FY2017 results with South-East Asia and Ocenia generating large profit gains.
Uniqlo's international revenue was comparable to that of its domestic results in Japan where the group posted a Q3 revenue of ¥210.7 billion, a growth of 6.3% from Q3 FY2017.
In a statement, the group stated that it expected to generate a significant gain in profit, especially in the Asian and Oceanic market but may fall short of operating profit targets for Q4 in its Japan operations.
“Uniqlo International is forecast to generate strong gains in both revenue and profit that will exceed our latest forecasts.
“Uniqlo operations in greater China, South-East Asia & Oceania and South Korea are expected to continue to perform strongly in the fourth quarter. Uniqlo USA is predicted to halve its operating loss for the full business year.
“We forecast Uniqlo Japan will generate a rise in full-year revenue and a significant gain in profit. However, we do expect operating profit will fall below target in Q4 on the back of expected strong discounting in response to sales performances in June and July.”