Lululemon reports 71% increase in Q1 profits - sportstextiles: Lea SportsTextiles

News

Lululemon reports 71% increase in Q1 profits

10/06/2011

Yoga-inspired US athletic-apparel retailer Lululemon Athletica has reported a 71% increase in its first-quarter profit.

 

Net income rose to $33.5 million from $19.6 million in the year-ago period. Revenue in the quarter ended May 1 rose 35% to $186.8 million. Sales at stores open more than a year, excluding the currency impact, rose 16%.

 

The results marked the seventh straight quarter where Lululemon’s results have topped analysts’ estimates, data showed.

 

“While cautious about the macro-environment, we remain confident that our business momentum will continue through fiscal 2011,” said CEO Christine Day.

 


Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.