Japan’s third-largest supermarket chain, Aeon Co, says it expects to beat its own profit forecasts for the current fiscal year.
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For the full year, through to 14 March, Aeon expects to post group operating profit of ¥120bn (US$908.5m); a 14% increase on earlier forecasts. Pre-tax profit is meanwhile now expected to be ¥110bn, rather than ¥100bn.
According to a report in the Nihon Keizai Shimbun, the chain is attributing the anticipated increase to improved sales at its US women’s clothing unit, Talbots Inc.
An Aeon spokesman said: “We are seeing double-digit sales growth from Talbots.
“Although the final figures have not been tabulated, these figures are probably not too far off. Earnings are looking strong.”
Aeon will post its 2001/02 results in April.
