March 22, 2012 / 11:24 AM / 6 years ago

Lululemon profit rises on strong sales

March 22 (Reuters) - Lululemon Athletica Inc reported higher quarterly profit on Thursday as sales jumped.

For the quarter ended Jan. 29, net income rose to $73.5 million, or 51 cents a share, from $54.8 million, or 38 cents, a year earlier.

Revenue rose 51.4 percent to $371.5 million, and sales at established stores, a key measure for retailers, was 26 percent higher.

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