lululemon athletica inc.

Listed Company

LULUCIK 0001397187NasdaqLarge AcceleratedApparel & Other Finishd Prods Of Fabrics & Similar MatlDelawareFY ends Feb 2

Period

FY 2026

Revenue

$11.10B

Net Income

$1.58B

Total Assets

$8.46B

Equity

$4.96B

Shares Out

110.48M

Op. Cash Flow

$1.60B

Business

lululemon athletica inc. is principally a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories. The company offers a comprehensive product line including pants, shorts, tops, jackets, footwear, and fitness-inspired accessories for athletic and everyday activities, plus services such as product design and development and a re-commerce program. Operations are organized into three reporting segments—Americas, China Mainland, and Rest of World (APAC and EMEA)—and supported by a vertical retail strategy. lululemon sells through company-operated stores, licensed third-party locations, e-commerce websites and apps, digital marketplaces, outlets, pop-ups, and wholesale partners, and distributes from regional distribution centers and third-party logistics providers.

Summary from filing dated 2025-03-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Net revenue	11,103	10,588	9,619	8,111	6,257
Cost of goods sold	4,818	4,317	4,010	3,618	2,648
Gross profit	6,284	6,271	5,609	4,492	3,609
Selling, general and administrative expenses	4,067	3,762	3,397	2,757	2,225
Impairment of assets and restructuring costs	0	0	75	408	0
Amortization of intangible assets	7	3	5	9	9
Income from operations	2,211	2,506	2,133	1,328	1,333
Other income (expense), net	28	70	43	4	514,000
Income before income tax expense	2,239	2,576	2,176	1,333	1,334
Income tax expense	660	761	626	478	359
Net income	1,579	1,815	1,550	855	975
Foreign currency translation adjustment	253	−253	−23	−66	−28
Net investment hedge gains (losses)	−59	93	11	9	10
Other comprehensive income (loss), net of tax	194	−160	−12	−57	−19
Comprehensive income	1,773	1,654	1,539	798	957
Basic earnings per share (in dollars per share)	13.27	14.67	12.23	6.7	7.52
Diluted earnings per share (in dollars per share)	13.26	14.64	12.2	6.68	7.49
Basic weighted-average number of shares outstanding (in shares)	119	124	127	128	130
Diluted weighted-average number of shares outstanding (in shares)	119	124	127	128	130

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Cash and cash equivalents	1,807	1,984	2,244	1,155	1,260
Accounts receivable, net	191	120	125	133	77
Inventories	1,701	1,442	1,324	1,447	966
Prepaid and receivable income taxes	352	182	184	186	119
Prepaid expenses and other current assets	212	251	185	239	193
Total current assets	4,263	3,980	4,061	3,159	2,615
Property and equipment, net	2,034	1,781	1,546	1,270	928
Right-of-use lease assets	1,630	1,416	1,266	969	804
Goodwill	185	160	24	24	387
Intangible assets, net	6	12	0	22	71
Deferred income tax assets	24	17	9	6	6
Other non-current assets	315	238	187	156	132
Total assets	8,457	7,603	7,092	5,607	4,942
Accounts payable	331	271	348	173	290
Accrued liabilities and other	663	559	349	399	331
Accrued compensation and related expenses	188	205	326	248	205
Current lease liabilities	299	275	249	208	189
Current income taxes payable	44	183	12	174	134
Unredeemed gift card liability	317	308	307	251	208
Other current liabilities	46	38	40	38	49
Total current liabilities	1,888	1,840	1,631	1,492	1,405
Non-current lease liabilities	1,500	1,301	1,154	862	692
Deferred income tax liabilities	52	98	30	55	53
Other non-current liabilities	55	41	29	20	14
Total liabilities	3,495	3,279	2,860	2,458	2,202
Commitments and contingencies	—	—	—	—	—
Undesignated preferred stock, $0.01 par value: 5,000 shares authorized; none issued and outstanding	0	0	0	0	0
Exchangeable stock, no par value: 60,000 shares authorized; 5,116 and 5,116 issued and outstanding	0	0	0	0	0
Special voting stock, $0.000005 par value: 60,000 shares authorized; 5,116 and 5,116 issued and outstanding	0	0	0	0	0
Common stock, $0.005 par value: 400,000 shares authorized; 111,380 and 116,166 issued and outstanding	557,000	581,000	606,000	611,000	616,000
Additional paid-in capital	669	638	575	475	423
Retained earnings	4,523	4,110	3,920	2,926	2,513
Accumulated other comprehensive loss	−231	−424	−264	−253	−196
Total stockholders' equity	4,962	4,324	4,232	3,149	2,740
Total liabilities and stockholders' equity	8,457	7,603	7,092	5,607	4,942

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2026 2026-01-31	FY 2025 2025-01-31	FY 2024 2024-01-31	FY 2023 2023-01-31	FY 2022 2022-01-31
Depreciation and amortization	496	447	379	292	224
lululemon Studio obsolescence provision	0	0	24	63	0
Stock-based compensation expense	62	90	94	78	69
Derecognition of unredeemed gift card liability	−38	−36	−29	−23	−19
Settlement of derivatives not designated in a hedging relationship	−35	−48	33	−39	15
Deferred income taxes	−53	57	−28	3	−5
Accounts receivable	−66	2	7	−59	—
Inventories	−189	−156	67	−573	−324
Prepaid and receivable income taxes	−170	−2	2	−67	20
Prepaid expenses and other current assets	48	−72	41	−55	−82
Other non-current assets	−70	−73	−53	−37	−18
Accounts payable	46	−57	177	−107	118
Accrued liabilities and other	98	193	−72	65	104
Accrued compensation and related expenses	−25	−112	70	47	75
Current and non-current income taxes payable	−150	157	−173	—	—
Unredeemed gift card liability	41	42	84	—	—
Right-of-use lease assets and current and non-current lease liabilities	7	24	38	—	—
Other current and non-current liabilities	21	2	12	−3	30
Net cash provided by operating activities	1,602	2,273	2,296	966	1,389
Purchase of property and equipment	−681	−689	−652	−639	−395
Settlement of net investment hedges	27	50	−2	48	−23
Acquisition, net of cash acquired	0	−154	0	0	0
Other investing activities	−9	−5	−658,000	21	−10
Net cash used in investing activities	−662	−798	−654	−570	−428
Proceeds from settlement of stock-based compensation	8	20	42	12	18
Taxes paid related to net share settlement of stock-based compensation	−27	−35	−33	−35	−50
Repurchase of common stock	−1,178	−1,637	−559	−444	−813
Other financing activities	−11	−32,000	−32,000	−32,000	−770,000
Net cash used in financing activities	−1,209	−1,653	−549	−467	−845
Effect of foreign currency exchange rate changes on cash and cash equivalents	91	−82	−4	−34	−7
Increase (decrease) in cash and cash equivalents	−177	−260	1,089	−105	109

Filings

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