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Company News

Lululemon second-quarter revenue rises 22%

Sept 5 (Reuters) - Canadian athleisure wear maker Lululemon Athletica Inc reported a 22% rise in second-quarter revenue on Thursday, as investments made in boosting sales at company-owned stores and online businesses paid off.

Lululemon’s revenue rose to $883.4 million in the second quarter ended Aug. 4 from $723.5 million a year earlier.

Net income rose to $125 million, or 96 cents per share, from $95.8 million, or 71 cents per share. (Reporting by Arundhati Sarkar in Bengaluru; Editing by Maju Samuel)

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