Yogawear retailer Lululemon's profit falls 12 pct

Wed Dec 9, 2015 5:39am EST
 
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Dec 9 (Reuters) - Canadian yogawear retailer Lululemon Athletica Inc reported a 12 percent fall in quarterly profit, hurt by higher costs.

Net income fell to $53.2 million, or 38 cents per share, in the third quarter ended Nov. 1, from $60.5 million, or 42 cents per share, a year earlier.

The company said cost of goods sold rose 22.4 percent to $254.9 million.

(Reporting by Sneha Banerjee and Anet Josline Pinto in Bengaluru; Editing by Sriraj Kalluvila)