Muji Operator Soars on Earnings Beat, Global Sales Surge
A customer in front of household products at a Muji store in Tokyo Metropolis, Japan.
Photographer: Kiyoshi Ota/BloombergMuji operator Ryohin Keikaku Co. rose the most in three months after first-quarter earnings beat expecations, driven by stronger global sales, supply-chain improvements and tighter control of price markdowns.
The stock jumped as much as 11.5%, the biggest intraday gain since Oct. 14. Operating profit rose 29% to ¥28.4 billion for the quarter ended November, topping the ¥23.6 billion analyst estimate. The company maintained its full-year forecast of a 7% rise to ¥79 billion.