Yoga Chain Stretches Profit, Sales Growth, Leaving Investors Blissful
Yoga gave Lululemon powers of levitation Thursday as the retailer reported yet another blowout quarter. The stock shot up 14% to close at 63.56, finally breaching the previous all-time high of October 2007. And no wonder: Third-quarter profit soared 80% over a year ago to 36 cents a share, 11 cents over analysts' views. Sales jumped 56% to $176 million, with same-store sales up 29%. After the recession-induced slump of 2009, it was the fifth
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