Lululemon athletica sales and profits soar in Q3

Vancouver, British Columbia -- Yoga apparel retailer and manufacturer Lululemon athletica reported Thursday that net income for the quarter ended Oct. 31 rose to $25.7 million, compared with $14.1 million in the year-ago period.

Net revenue surged 56% to $175.8 million, from $112.9 million. Same-store sales increased 29%.

The company operates 134 stores in North America and Australia.

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