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current news

Lululemon 4q Profit +54.5%

(Filed Under Financial and General Interest News). Lululemon Athletica Inc. entered 2010 on the up swing. For the fourth quarter ended January 31, 2010, the Canadian producer of yoga-inspired activewear cited a 54.5 percent jump in net revenue from the previous year’s fourth quarter; to $160.6 million from $103.9 million. Net revenue from corporate-owned stores increased 52.2 percent; to $137.4 million from $90.3 million. Comparable store sales increased 29 percent on a constant currency basis.

“We are very pleased with the growing sales momentum in our business, which has accelerated as the economy has improved and with some of key initiative which have taken hold, such as expanding our running line, elevated product to give more value to our customers, and our e-commerce launch,” said Christine Day, chief executive officer of Lululemon. “Our 29 percent comparable store sales increase reflects the strength of the Lululemon brand driven by our quality, design, product innovation and unique positioning.”

For further information, contact Joseph Teklits or Jean Fontana with Lululemon Athletica, Inc. by calling (203) 682-8200.

more Financial and General Interest News >>

Published 04-05-2010 by Amanda Torres Price

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