Lululemon Athletica Inc. (LULU) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 2.47B | 3.64B | 2.57B | 2.53B | 2.37B | 3.61B | 2.4B | 2.37B | 2.21B | 3.21B | 2.2B | 2.21B | 2B | 2.77B | 1.86B | 1.87B | 1.61B | 2.13B | 1.45B | 1.45B |
| Revenue Growth % | 4.26% | 0.81% | 7.06% | 6.5% | 7.32% | 12.68% | 8.73% | 7.33% | 10.4% | 15.63% | 18.7% | 18.24% | 24.01% | 30.19% | 28.02% | 28.8% | 31.55% | 23.1% | 29.8% | 60.65% |
| Cost of Goods Sold | 1.13B | 1.64B | 1.14B | 1.05B | 987.53M | 1.43B | 995.05M | 958.89M | 933.82M | 1.3B | 947.55M | 910.65M | 849.99M | 1.24B | 818.04M | 812.85M | 743.07M | 892.94M | 621.03M | 607.93M |
| COGS % of Revenue | 45.83% | 45.13% | 44.43% | 41.5% | 41.66% | 39.58% | 41.52% | 40.44% | 42.28% | 40.61% | 42.99% | 41.22% | 42.48% | 44.89% | 44.05% | 43.51% | 46.05% | 41.94% | 42.82% | 41.91% |
| Gross Profit | 1.34B | 2B | 1.43B | 1.48B | 1.38B | 2.18B | 1.4B | 1.41B | 1.28B | 1.9B | 1.26B | 1.3B | 1.15B | 1.53B | 1.04B | 1.06B | 870.39M | 1.24B | 829.39M | 842.69M |
| Gross Margin % | 54.17% | 54.87% | 55.57% | 58.5% | 58.34% | 60.42% | 58.48% | 59.56% | 57.72% | 59.39% | 57.01% | 58.78% | 57.52% | 55.11% | 55.95% | 56.49% | 53.95% | 58.06% | 57.18% | 58.09% |
| Gross Profit Growth % | -3.2% | -8.44% | 1.73% | 4.6% | 8.47% | 14.63% | 11.53% | 8.75% | 10.8% | 24.6% | 20.97% | 23.03% | 32.22% | 23.58% | 25.25% | 25.25% | 24.29% | 22.06% | 32.2% | 72.15% |
| Operating Expenses | 1.06B | 1.19B | 990.03M | 953.39M | 944.5M | 1.14B | 910.95M | 871.96M | 842.43M | 989.53M | 918.55M | 819.25M | 749.39M | 1.21B | 686.42M | 654.27M | 610.05M | 645.62M | 571.45M | 551.65M |
| OpEx % of Revenue | 42.96% | 32.66% | 38.58% | 37.75% | 39.84% | 31.56% | 38.01% | 36.77% | 38.14% | 30.87% | 41.67% | 37.08% | 37.45% | 43.77% | 36.97% | 35.02% | 37.81% | 30.32% | 39.4% | 38.03% |
| Selling, General & Admin | 1.06B | 1.18B | 988.25M | 951.66M | 942.87M | 1.14B | 909.83M | 871.96M | 842.43M | 989.53M | 842.79M | 817.38M | 747.51M | 803.11M | 684.24M | 662.25M | 607.85M | 641.96M | 545.12M | 541.32M |
| SG&A % of Revenue | 42.89% | 32.51% | 38.51% | 37.69% | 39.77% | 31.52% | 37.96% | 36.77% | 38.14% | 30.87% | 38.24% | 37% | 37.36% | 28.97% | 36.85% | 35.45% | 37.67% | 30.15% | 37.58% | 37.32% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 276.95M | 803.48M | 435.89M | 523.81M | 438.63M | 1.04B | 490.66M | 540.23M | 432.64M | 913.89M | 338.12M | 479.26M | 401.41M | 314.43M | 352.43M | 401.21M | 260.35M | 590.56M | 257.95M | 291.03M |
| Operating Margin % | 11.21% | 22.07% | 16.99% | 20.74% | 18.5% | 28.86% | 20.47% | 22.78% | 19.59% | 28.51% | 15.34% | 21.69% | 20.06% | 11.34% | 18.98% | 21.47% | 16.14% | 27.74% | 17.78% | 20.06% |
| Operating Income Growth % | -36.86% | -22.9% | -11.16% | -3.04% | 1.38% | 14.04% | 45.12% | 12.72% | 7.78% | 190.65% | -4.06% | 19.45% | 54.18% | -46.76% | 36.63% | 37.86% | 34.32% | 28.97% | 25.88% | 133.93% |
| EBITDA | 286.08M | 938.01M | 563.35M | 643.53M | 553.15M | 1.18B | 604.26M | 643.8M | 528.4M | 1.02B | 436.08M | 573.27M | 485.53M | 394.59M | 431.62M | 469.18M | 324.82M | 652.68M | 315.91M | 344.67M |
| EBITDA Margin % | 11.57% | 25.76% | 21.95% | 25.48% | 23.33% | 32.56% | 25.21% | 27.15% | 23.92% | 31.74% | 19.78% | 25.95% | 24.27% | 14.24% | 23.24% | 25.11% | 20.13% | 30.65% | 21.78% | 23.76% |
| EBITDA Growth % | -48.28% | -20.22% | -6.77% | -0.04% | 4.68% | 15.59% | 38.56% | 12.3% | 8.83% | 157.78% | 1.04% | 22.18% | 49.48% | -39.54% | 36.63% | 36.12% | 32.95% | 27.93% | 24.4% | 108.82% |
| D&A (Non-Cash Add-back) | 0 | 134.53M | 127.46M | 119.72M | 114.53M | 133.59M | 113.6M | 103.57M | 95.76M | 103.29M | 97.97M | 94.01M | 84.12M | 80.16M | 79.19M | 67.97M | 64.47M | 62.12M | 57.96M | 53.64M |
| EBIT | 286.08M | 825.05M | 441.74M | 533.55M | 450.41M | 1.06B | 504.4M | 558.22M | 455.93M | 931.72M | 412.62M | 486.62M | 409.44M | 722.34M | 352.76M | 391.03M | 260.32M | 592.02M | 282.07M | 299.17M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 9.13M | 9.78M | 5.85M | 9.74M | 11.79M | 15.36M | 13.74M | 17.99M | 23.28M | 17.83M | 9.84M | 7.36M | 8.03M | 3.71M | 331K | 145K | -22K | 176K | 15K | 96K |
| Pretax Income | 286.08M | 813.26M | 441.74M | 533.55M | 450.41M | 1.06B | 504.4M | 558.22M | 455.93M | 931.72M | 347.96M | 486.62M | 409.44M | 318.13M | 352.76M | 401.35M | 260.32M | 590.73M | 257.96M | 291.13M |
| Pretax Margin % | 11.57% | 22.34% | 17.22% | 21.13% | 19% | 29.28% | 21.05% | 23.54% | 20.64% | 29.07% | 15.79% | 22.03% | 20.46% | 11.48% | 19% | 21.48% | 16.13% | 27.75% | 17.79% | 20.07% |
| Income Tax | 91.03M | 226.39M | 134.91M | 162.65M | 135.84M | 309.13M | 152.53M | 165.3M | 134.5M | 262.25M | 99.24M | 145.02M | 119.03M | 198.32M | 97.29M | 111.83M | 70.33M | 156.23M | 70.17M | 83.05M |
| Effective Tax Rate % | 31.82% | 27.84% | 30.54% | 30.48% | 30.16% | 29.23% | 30.24% | 29.61% | 29.5% | 28.15% | 28.52% | 29.8% | 29.07% | 62.34% | 27.58% | 27.86% | 27.02% | 26.45% | 27.2% | 28.53% |
| Net Income | 195.05M | 586.87M | 306.83M | 370.9M | 314.57M | 748.4M | 351.87M | 392.92M | 321.42M | 669.47M | 248.71M | 341.6M | 290.4M | 119.81M | 255.47M | 289.52M | 190M | 434.5M | 187.79M | 208.07M |
| Net Margin % | 7.89% | 16.12% | 11.96% | 14.69% | 13.27% | 20.72% | 14.68% | 16.57% | 14.55% | 20.89% | 11.28% | 15.46% | 14.51% | 4.32% | 13.76% | 15.5% | 11.78% | 20.41% | 12.95% | 14.34% |
| Net Income Growth % | -38% | -21.58% | -12.8% | -5.6% | -2.13% | 11.79% | 41.48% | 15.02% | 10.68% | 458.77% | -2.64% | 17.99% | 52.85% | -72.43% | 36.04% | 39.14% | 31.07% | 31.73% | 30.73% | 139.71% |
| Net Income (Continuing) | 195.05M | 586.87M | 306.83M | 370.9M | 314.57M | 748.4M | 351.87M | 392.92M | 321.42M | 669.47M | 248.71M | 341.6M | 290.4M | 119.81M | 255.47M | 289.52M | 190M | 434.5M | 187.79M | 208.07M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.69 | 4.97 | 2.59 | 3.10 | 2.60 | 6.14 | 2.87 | 3.15 | 2.54 | 5.29 | 1.96 | 2.68 | 2.28 | 0.94 | 2.00 | 2.26 | 1.48 | 3.36 | 1.44 | 1.59 |
| EPS Growth % | -35% | -19.06% | -9.76% | -1.59% | 2.36% | 16.07% | 46.43% | 17.54% | 11.4% | 462.77% | -2% | 18.58% | 54.05% | -72.02% | 38.89% | 42.14% | 33.33% | 33.33% | 30.91% | 140.91% |
| EPS (Basic) | 1.69 | 4.97 | 2.59 | 3.10 | 2.61 | 6.15 | 2.87 | 3.15 | 2.55 | 5.30 | 1.97 | 2.69 | 2.28 | 0.94 | 2.00 | 2.27 | 1.48 | 3.37 | 1.45 | 1.60 |
| Diluted Shares Outstanding | 115.48M | 119.07M | 118.55M | 119.68M | 120.84M | 121.89M | 122.8M | 124.86M | 126.34M | 126.58M | 126.77M | 127.26M | 127.62M | 127.8M | 127.82M | 127.91M | 128.54M | 129.51M | 130.19M | 130.49M |
| Basic Shares Outstanding | 115.41M | 118.98M | 118.53M | 119.6M | 120.63M | 121.68M | 122.7M | 124.72M | 125.99M | 126.23M | 126.46M | 126.97M | 127.25M | 127.46M | 127.51M | 127.62M | 128.08M | 129.01M | 129.68M | 130.01M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |