Company News

Lululemon profit tops forecasts as online sales jump

TORONTO, Aug 31 (Reuters) - Canadian yogawear apparel maker Lululemon Athletica Inc reported a quarterly profit and revenue on Thursday that topped expectations, as same-store sales increased, particularly online.

The company reported earnings of $48.7 million, or 36 cents per share in the second quarter ended July 30. This exceeded the 35 cents per share analysts had forecast, according to Thomson Reuters I/B/E/S. Adjusted diluted earnings, which excluded the impact of its Ivivva restructuring costs, was 39 cents a share.

Revenue rose 13 percent to $581.1 million, topping the estimated $567.79 million analysts had predicted. (Reporting by Solarina Ho; Editing by Sandra Maler)