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Lululemon targets annual revenue growth in low teens for next five years

April 24 (Reuters) - Canadian yoga-pants specialists Lululemon Athletica Inc on Wednesday forecast annual revenue growth in the low teens for the next five years.

The company also said it expects operating income growth to exceed revenue growth annually, and modest gross margin expansion, it said ahead of its investor day on Wednesday. (Reporting by Arundhati Sarkar in Bengaluru; Editing by James Emmanuel)