Lululemon profit falls as expenses rise

Thu Sep 11, 2014 5:45am EDT
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Sept 11 (Reuters) - Canadian yogawear chain Lululemon Athletica Inc reported a nearly 14 percent fall in quarterly profit, hurt by higher expenses.

Net income fell to $48.7 million, or 33 cents per share, in the second quarter ended Aug. 3, from $56.5 million, or 39 cents per share, a year earlier.

Revenue rose about 13 percent to $390.7 million.

(Reporting by Sneha Banerjee; Editing by Sriraj Kalluvila)