Lululemon profits

Skip the $100 Yoga Pants, Buy Lululemon Stock

The upscale retailer of fashionable fitness apparel came through with another monster quarter this morning. Net revenue soared 39% to $212.3 million, backed by strong consumer-direct sales, brisk expansion, and a stunning 20% spike in comparable-store sales. Earnings grew even faster, climbing 76% to $38.4 million.

Lululemon Leaps on Beat-and-Raise Profits

Shares in Lululemon Athletica rallied sharply Friday after the maker of yoga-inspired athletic apparel reported better-than-expected second-quarter earnings and raised its full-year outlook.