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Reuters
Published
Jun 11, 2009
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Lululemon posts lower profit, sees flat quarter

By
Reuters
Published
Jun 11, 2009

TORONTO, June 11 (Reuters) - Lululemon Athletica (LLL.TO), which makes trendy yoga and workout wear, reported lower quarterly earnings on Thursday 11 June and said it expects profit to be flat in the current quarter because of the troubled economy.


Lululemon

Earnings fell to $6.5 million, or 9 cents a share, in the first quarter ended May 3 from $8.5 million, or 12 cents a share, a year earlier.

Revenue rose 6 percent to $81.7 million.

Analysts on average were expecting profit of 8 cents a share before items, and revenue of $74 million.

The company also said it expects second-quarter revenue of $85 million to $90 million, with earnings per share of 8 cents to 9 cents. ($1=$1.10 Canadian) (Reporting by Scott Anderson; Editing by Lisa Von Ahn)

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