Fast Retailing Cuts Annual Profit Forecast for Second Time

  • Stronger yen, warm weather, heavy discounting hurt profit
  • Second-quarter earnings plunge 60%, missing analyst estimates

Fast Retailing Co. Magic For All concept store in Shanghai.

Photographer: Qilai Shen/Bloomberg

Fast Retailing Co. cut its full-year operating profit forecast for the second time in as many quarters as a stronger yen eroded earnings and warmer weather hurt sales of winter clothes for the maker of Uniqlo casual wear.

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