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Lululemon strikes profitable pose in Q1
Vancouver – Lululemon Athletica Inc. struck a pose of profitability in the first quarter of fiscal 2015. Net income more than doubled to $47.8 million from $19 million a year earlier, aided by the elimination of a tax expense.
Net revenue increased 10% to $423.5 million, from $384.6 million. A 27% hike in direct-to-consumer net revenue, which now represents 20% of total company revenue, helped drive the overall improvement. Same-store sales dropped 1%.
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Dollarama Q1 profit rises on lower expenses
Montreal – A reduction in selling, general and administrative (SG&A) expenses helped elevate net earnings at Dollarama Inc. 22% to $64.8 million in the first quarter of fiscal 2016 from $53.2 million the same quarter of the previous fiscal year. Sales increased by 13% to $566.1 million from $501.1 million, aided by both new store openings and same-store sales growth of 6.9%.

