From Yahoo Finance: 2025-04-10 02:40:00

Japanese operator of Uniqlo, Fast Retailing, lowered second-half profit forecast by $68 million due to U.S. tariffs impacting North American business. Trump’s 90-day tariff pause excludes China, leading to uncertainty for global markets. Fast Retailing expects 2-3% hit to profit from U.S. tariffs, but remains optimistic for North American growth.

Fast Retailing reports 146.7 billion yen operating profit for three months through February, exceeding analyst estimates. Full-year operating profit forecast raised to 545 billion yen due to strong sales in Japan and internationally. Company focuses on North America and Europe for growth amid China’s economic slowdown.

Fast Retailing sees 25% profit gains in North America, plans to open 25 new stores in the region. Founder Tadashi Yanai advocates for free trade amid global trade tensions. Uniqlo’s business model faces challenges with U.S. tariffs, but company remains committed to North American expansion.

Read more: Uniqlo operator Fast Retailing cuts H2 profit outlook over US tariffs