Thursday, September 12, 2013

Reuters: Global Markets: Lululemon shares slide as outlook trimmed

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Lululemon shares slide as outlook trimmed
Sep 12th 2013, 12:36

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A Lululemon Athletica logo is seen outside one of the company's stores in New York, March 19, 2013. REUTERS/Lucas Jackson

A Lululemon Athletica logo is seen outside one of the company's stores in New York, March 19, 2013.

Credit: Reuters/Lucas Jackson

TORONTO | Thu Sep 12, 2013 7:35am EDT

TORONTO (Reuters) - Yogawear retailer Lululemon Athletica Inc's (LULU.O) revenue rose 22 percent and its chief executive said the company had worked its way back from a setback in March when it had to recall its excessively see-through yoga pants.

The Vancouver-based Canadian company said net income fell to $56.5 million, or 39 cents per share, in the second quarter from $57.2 million, or 39 cents per share, a year earlier.

Net revenue was $344.5 million.

(Reporting by Solarina Ho and Garima Goel)

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