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Lululemon's quarterly revenue beats on online boost

·1 min read

Sept 8 (Reuters) - Lululemon Athletica Inc beat Wall Street estimates for quarterly revenue on Tuesday, as it sold more yoga pants and athleisure apparel online to consumers looking for comfortable clothing while spending more time at home due to the pandemic.

Net revenue rose about 2% to $902.9 million in the second quarter ended Aug. 2, above analysts' estimate of $842.5 million, according to IBES data from Refinitiv.

The company reported a net income of $86.8 million, or 66 cents per share, compared with $125 million, or 96 cents per share, a year earlier.

(Reporting by Mehr Bedi and Nivedita Balu in Bengaluru; Editing by Krishna Chandra Eluri)