Fast Retailing is upgraded to Buy after a profit beat and raised guidance. Click here to read my earnings analysis of FRCOY stock.

Fast Retailing Co. raised its full-year operating profit outlook on robust demand for its Uniqlo apparel in the US and Europe, bolstered by continued growth in Japan.

This article first appeared on GuruFocus. Fast Retailing (FRCOY) has raised its full-year outlook, pointing to strengthening momentum in Uniqlo's international business as demand in the US and Europe continues to build.

TOKYO >> The Japanese owner of clothing brand Uniqlo raised its full-year forecast on Thursday, flagging another record year, as international growth produced a stronger-than-expected jump in quarterly profit.

Only days after saying it was business as usual in Russia, Fast Retailing Co. announced on March 10 that it will temporarily suspend operations at all its 50 Uniqlo outlets in the country.

TOKYO -- Fast Retailing's shares soared to a record Friday, lifting the apparel giant's market value above 24 trillion yen ($150 billion) at closing and making it the third-largest company in Japan.

Fast Retailing Co., operator of the Uniqlo clothing chain, said Thursday it posted a record net profit of 279.29 billion yen ($1.8 bi

It came as Japan-based Fast Retailing reported it was facing some higher transport costs amid the conflict in the Middle East.