Uniqlo Owner's Profit Misses on Weak China Sales
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Fast Retailing Co. reported third-quarter earnings that missed estimates, as weaker sales in China weighed on the Japanese apparel maker's performance.
Operating profit was ¥146.7 billion ($1 billion) in the three months ended May, trailing the ¥150 billion average of analyst estimates compiled by Bloomberg. Net income came in at ¥105.5 billion during the period.
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