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TORONTO, Dec 7 (Reuters) - Lululemon Athletica Inc reported higher quarterly sales on Wednesday, helped by better-than-expected gross margins, and it announced a $100 million stock repurchase program.
Net income rose to $68.3 million, or 50 cents per share in the third quarter ended October 30, from $53.2 million, or 38 cents per share, in the prior year. Revenue was $544.4 million, up from $479.7 million.
Reporting by Solarina Ho