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A Local Culinary Adventure: inspired by Halifax's Seaport Market | SaltWire #cooking #cookingtipsTOKYO - The Japanese operator of global clothing chain Uniqlo is expected to blow past last year's record profit when it reports results on Thursday, benefiting from a recovery in China and the yen's slide.
Operating profit for the fiscal year through August is expected to rise 26% to 374.6 billion yen , according to the average estimate of 12 analysts collected by LSEG.Fast Retailing, founded by Japan's richest man Tadashi Yanai, is a bellwether for retailers operating in China, the world's second-biggest economy, where sales have started to rebound after strict COVID-19 controls were rolled back.
Consensus estimates could be underplaying the company's results given the recovery in China, the weak yen, and strong performance in the United States and Europe, said LightStream Research analyst Oshadhi Kumarasiri. With its Chinese operations in doldrums for more than two years, Fast Retailing has increased its focus on markets in North America and Europe.
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