Lululemon Athletica Inc. continued its winning streak, with first quarter profits that more than doubled.
The Vancouver-based yoga company also hired Sheree Waterson, most recently president of Speedo North America, as executive vice president of general merchandise management and sourcing.
For the three months ended May 4, the company’s net income climbed 139 percent to $8.5 million, or 12 cents per diluted share, from $3.5 million, or 5 cents.
Sales for the quarter jumped 75 percent to $78.2 million from $44.8 million, driven by store growth and strong comps.
For complete coverage, see Tuesday’s issue of WWD.