Canadian athletic apparel maker Lululemon Athletica Inc reported better-than-expected first-quarter revenue as efforts to boost sales at its stores and online investments paid off.

Lululemon’s revenue rose to US$782.3 million in the three months ended May 5, from US$649.7 million a year ago. Analysts on average had estimated revenue of US$755.3 million, according to IBES data from Refinitiv.

Net income rose to US$96.6 million, or 74 US cents per share, from US$75.2 million, or 55 US cents per share, a year earlier.

© Thomson Reuters 2019

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