Lululemon Athletica quarterly profit falls 5 pct

Wed Jun 8, 2016 6:08am EDT
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June 8 (Reuters) - Canadian yoga-wear retailer Lululemon Athletica Inc's quarterly profit fell 5 percent as costs rose.

The company's net income fell to $45.3 million, or 33 cents per share, in the first quarter ended May 1 from $47.8 million, or 34 cents per share, a year earlier.

Net revenue rose about 17 percent to $495.5 million. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Anil D'Silva)