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Lululemon quarterly profit rises 60 per cent

Reuters logo Reuters 2018-12-06
a person standing in front of a television: People walk past a store by yogawear retailer Lululemon Athletica in New York© Reuters/Brendan McDermid People walk past a store by yogawear retailer Lululemon Athletica in New York (Reuters) - Canadian athletic apparel maker Lululemon Athletica Inc reported a 60 percent rise in third-quarter profit on Thursday, driven by higher same store sales.

The company's net income rose to $94.4 million, or 71 cents per share, in the quarter ended Oct.28, from $58.9 million, or 43 cents, a year earlier.

Lululemon's total revenue rose to $747.7 million from $619 million a year ago.

(Reporting by Arundhati Sarkar and Laharee Chatterjee in Bengaluru; Editing by Shailesh Kuber)

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