Advertisement
U.S. markets open in 1 hour 9 minutes
  • S&P Futures

    5,306.25
    -2.00 (-0.04%)
     
  • Dow Futures

    40,149.00
    +5.00 (+0.01%)
     
  • Nasdaq Futures

    18,498.75
    -5.00 (-0.03%)
     
  • Russell 2000 Futures

    2,139.90
    +1.50 (+0.07%)
     
  • Crude Oil

    82.54
    +1.19 (+1.46%)
     
  • Gold

    2,234.40
    +21.70 (+0.98%)
     
  • Silver

    24.71
    -0.04 (-0.17%)
     
  • EUR/USD

    1.0790
    -0.0040 (-0.37%)
     
  • 10-Yr Bond

    4.1960
    0.0000 (0.00%)
     
  • Vix

    13.02
    +0.24 (+1.88%)
     
  • GBP/USD

    1.2622
    -0.0016 (-0.13%)
     
  • USD/JPY

    151.2960
    +0.0500 (+0.03%)
     
  • Bitcoin USD

    70,481.57
    +322.65 (+0.46%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.37
    +20.39 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Lululemon's quarterly profit plunges 60 pct, CFO to retire

June 12 (Reuters) - Canadian yogawear retailer Lululemon Athletica Inc's quarterly net profit fell 60 percent as tax expenses rose.

The company also said its Chief Financial Officer John Currie would retire by the end of the fiscal year, ending February 2015.

Lululemon's net profit fell to $19 million, or 13 cents per share, in the first quarter ended May 4 from $47.3 million, or 32 cents per share, a year earlier.

Revenue rose 11 percent to $384.6 million.

(Reporting by Shubhankar Chakravorty in Bangalore; Editing by Kirti Pandey)

Advertisement