Friday, June 1, 2018

Lululemon 1st-qtr profit beats expectations

Reuters
Canadian athletic apparel maker Lululemon Athletica posted first-quarter profit that beat expectations on Thursday as total same-store sales rose 20 percent, and the company’s shares jumped 4.2 percent in after-hours trade.

Revenue increased to $649.7 million, up from $520.3 million a year ago. Analysts had expected $617.7 million. . . . more