April 2, 2008 / 11:44 AM / 10 years ago

Lululemon profit soars in fourth quarter

TORONTO (Reuters) - Lululemon Athletica LLL.TO (LULU.O) reported a big jump in fourth-quarter profit on Wednesday, with net revenue doubling, as demand for its trendy yoga wear grew despite a retail slowdown in North America.

    Lululemon said profit was $14.6 million, or 21 cents a share for the quarter, up from $887,000, or 1 cent a share, in the same period a year-earlier.

    ($1=$1.02 Canadian)

    Reporting by Jonathan Spicer; Editing by Scott Anderson

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