PYMNTS News Technology What's Hot Report: Uniqlo and -Eleven Earnings Reports Expected to Describe Challenges By PYMNTS January -Eleven store Uniqlo parent company Fast Retailing and -Eleven operator Seven i Holdings are expected to say they have been facing headwinds when they report their latest earnings next week Bloomberg reported Thursday Jan.
. Bloomberg said this while reporting student data analysts’ forecasts for these and other companies that are set to launch the earnings season in Asia next week. Fast Retailing may report a softening in operating profit growth because of sales of winter clothing being dampened by warmer autumn-winter weather during the quarter ended in November according to the report. Analysts also noted that Fast Retailing may be challenged by higher store rents and by efforts on Chinese social media to launch a boycott of Uniqlo products.
Seven i Holdings may report a third consecutive quarter of declining operating profits despite an improvement in global in-store same-store sales the report said. Samsung Electronics another Asian company set to report earnings next week is expected to say its operating profit recovered during the quarter per the report. The recovery is expected to be driven by demand for the company’s chips used for artificial intelligence applications. Tata Consultancy Services is forecast to report a six-quarter high in profit growth due to demand for software services according to the report.
The Importance of Leadership in Telemarketing Outreach
-
- Posts: 644
- Joined: Sun Dec 22, 2024 3:40 am