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Lululemon post profit as sales fall short

Reuters/Vancouver Sun 06/12/2020

Lululemon reported earnings per share of 22 cents in the first quarter, down from 74 cents for the same period in 2019, while its sales fell 17 percent due to store closures necessitated by the coronavirus outbreak. The yoga-inspired retailer reported that online sales were up 68 percent in the quarter.

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