Lululemon shares hit record as first-quarter profit beats expectations

in blockchain •  7 years ago 

Lululemon shares hit record as first-quarter profit beats expectations

Lululemon Athletica posted first-quarter profit that beat expectations as revenue jumped 25 percent.

  • The results sent the company's shares to an all-time high in after-hours trade.

Lululemon is navigating a move by consumers to online shopping and growing competition from rivals including Under Armour and Nike.

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