June 7, 2012 / 11:29 AM / 5 years ago

Lululemon 1st-qtr profit rises on higher sales

June 7 (Reuters) - Canadian yogawear retailer Lululemon Athletica Inc reported higher quarterly profit on Thursday as sales jumped.

In the first quarter ended April 29, net income rose to $46.6 million, or 32 cents a share, from $33.4 million, or 23 cents, a year earlier.

Net revenue jumped 53 percent to $285.7 million, while same-store sales, a key measure for retailers, increased 25 percent.

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