May 31, 2018 / 8:27 PM / 3 months ago

Lululemon 1st-qtr profit beats expectations; shares jump

May 31 (Reuters) - Canadian athletic apparel maker Lululemon Athletica posted first-quarter profit that beat expectations on Thursday as total same-store sales rose 20 percent, and the company’s shares jumped 4.2 percent in after-hours trade.

The Vancouver-based company reported earnings of 55 cents per share in the fiscal first quarter ended April 29, compared with analyst estimates of 46 cents, and up from 23 cents a share a year earlier.

Revenue increased to $649.7 million, up from $520.3 million a year ago. Analysts had expected $617.7 million.

Reporting by Nichola Saminather Editing by Leslie Adler

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