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By
Reuters
Published
Mar 26, 2009
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Lululemon earnings drop but top estimates

By
Reuters
Published
Mar 26, 2009

TORONTO, March 26 (Reuters) - Lululemon Athletica reported lower quarterly earnings on Thursday March 26 as the upscale athletic clothier was hurt by the economic downturn, but the results topped estimates.


Lululemon Spring 2009

The company, known for its trendy yoga and workout wear, said it earned $10.9 million, or 16 cents a share in its fourth quarter, ended Feb. 3. That was down from $14.6 million, or 21 cents a share a year earlier.

Revenue ebbed to $103.9 million from $104 million for the same time a year earlier.

($1=$1.23 Canadian) (Reporting by Scott Anderson)

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