(Filed Under Financial and General Interest News). Lululemon Athletica, a yoga-inspired apparel company, has cited a 0.1 percent net revenue decrease to $103.9 million in the fourth quarter of fiscal 2008 ended February 1st from $104 in the fourth quarter last year.

For the full year, the company cited a net revenue increase of 30.9 percent to $353.5 million from $269.9 million in fiscal 2007.

“We had a solid finish to fiscal 2008 and our financial results were in line with the guidance we provided,” said Christine Day, CEO of the company. “Looking at 2009, we will continue to be focused on selective use of capital and generating positive cash flow as we position ourselves to respond quickly to changes in the macro-environment.”

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Published 03-27-2009 by Bruna Fernandes