Logo

LULU

Lululemon Athletica Inc.

LULU

Lululemon Athletica Inc. • NASDAQ
$184.18 ▲ 1.23% (+2.24)
Market Cap $20.90 B
52w High $423.32
52w Low $159.25
Dividend Yield 0%
P/E 12.58
Volume 1.94M
Outstanding Shares 113.47M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $2.525B ▲ $951.658M ▲ $370.905M ▲ 14.688% ▲ $3.1 ▲ $653.266M ▲
Q1-2025 $2.371B ▼ $944.501M ▼ $314.572M ▼ 13.269% ▼ $2.61 ▼ $553.154M ▼
Q4-2024 $3.611B ▲ $1.14B ▲ $748.403M ▲ 20.723% ▲ $6.15 ▲ $1.176B ▲
Q3-2024 $2.397B ▲ $910.945M ▲ $351.87M ▼ 14.682% ▼ $2.87 ▼ $604.26M ▼
Q2-2024 $2.371B $871.959M $392.922M 16.571% $3.15 $643.799M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $1.156B ▼ $7.523B ▲ $3.136B ▼ $4.387B ▲
Q1-2025 $1.325B ▼ $7.431B ▼ $3.141B ▼ $4.29B ▼
Q4-2024 $1.984B ▲ $7.603B ▲ $3.279B ▲ $4.324B ▲
Q3-2024 $1.188B ▼ $7.084B ▲ $3.098B ▲ $3.986B ▼
Q2-2024 $1.61B $6.744B $2.712B $4.032B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $370.905M ▲ $328.676M ▲ $-213.118M ▼ $-276.849M ▲ $-169.478M ▲ $150.778M ▲
Q1-2025 $314.572M ▼ $-118.954M ▼ $-106.842M ▲ $-467.974M ▼ $-659.064M ▼ $-271.217M ▼
Q4-2024 $748.403M ▲ $1.401B ▲ $-222.96M ▲ $-323.998M ▲ $795.917M ▲ $1.166B ▲
Q3-2024 $351.87M ▼ $300.659M ▼ $-308.589M ▼ $-411.967M ▲ $-421.693M ▼ $122.176M ▼
Q2-2024 $392.922M $443.14M $-135.088M $-587.915M $-290.56M $298.054M

Revenue by Products

Product Q1-2024Q2-2024Q3-2024Q4-2024
Mens Product
Mens Product
 $510.00M ▲$590.00M ▲$550.00M ▼$910.00M ▲
Other Segments
Other Segments
 $270.00M ▲$310.00M ▲$290.00M ▼$470.00M ▲
Womens Product
Womens Product
 $1.44Bn ▲$1.48Bn ▲$1.56Bn ▲$2.23Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Lululemon’s income statement shows a company that has grown rapidly while keeping profitability strong. Revenue has more than doubled over the past five years, and profits have generally grown even faster, which points to solid pricing power and efficient operations. Margins remain healthy by retail standards, helped by a premium brand, limited discounting, and a direct-to-consumer model. There was a brief period of margin pressure as the company invested for growth, but overall earnings performance looks robust and resilient.

Balance Sheet

Balance Sheet The balance sheet appears solid and conservative. Total assets have steadily expanded as the business has grown, but debt remains moderate and is more than offset by the company’s cash position, leaving Lululemon in a net cash posture. Shareholders’ equity has consistently increased, signaling retained profits and a stronger capital base over time. Overall, the company looks well-capitalized, with financial flexibility to keep investing or absorb shocks.

Cash Flow

Cash Flow Lululemon generates strong cash flow from its core operations, and this cash generation has improved meaningfully over time. Even as the company has stepped up its spending on new stores, technology, and infrastructure, it has consistently produced positive free cash flow. The pattern suggests that growth investments are being funded largely from internal cash rather than heavy borrowing. This is a healthy sign for the durability and quality of its earnings.

Competitive Edge

Competitive Edge Lululemon holds a powerful competitive position built around a premium brand, loyal community, and distinctive in-house fabrics. Its direct-to-consumer focus, community events, and ambassador network deepen emotional ties with customers in a way that is difficult for rivals to copy. The company also benefits from strong pricing power, with less reliance on discounting than many apparel peers. Key risks include intense competition in athletic wear, fashion and trend risk, and the challenge of sustaining the same brand magic as it scales globally and pushes harder into categories like menswear and footwear.

Innovation and R&D

Innovation and R&D Innovation is a core pillar of Lululemon’s strategy. The company invests heavily in proprietary fabrics and what it calls the “Science of Feel,” tailoring materials to specific activities and sensations. Beyond products, it experiments with digital fitness (Lululemon Studio), advanced inventory technology in stores, membership programs, and circular initiatives like its “Like New” resale offering. It is also beginning to apply AI to product design and partnering on sustainable materials, signaling a willingness to evolve both the product line and the business model. The main watchpoint is execution: not all experiments (like the original MIRROR device) have worked perfectly, so careful refinement is ongoing.

Summary

Overall, Lululemon combines fast growth, high profitability, and a strong balance sheet with a brand and customer community that provide meaningful competitive strength. The company is successfully funding its expansion from its own cash flows, while maintaining a healthy financial position. Its strategy leans heavily on innovation in fabrics, community-based marketing, and an integrated physical–digital ecosystem, all of which help differentiate it in a crowded market. Looking ahead, the big questions are how well it can scale internationally, grow men’s and footwear, and execute on digital and sustainability initiatives without diluting its premium image or overextending its brand.

NEWS

November 26, 2025 · 6:30 AM UTC

lululemon athletica inc. Announces Third Quarter Fiscal 2025 Earnings Conference Call

Read more

November 21, 2025 · 8:00 AM UTC

lululemon Announces Updates to Leadership Team

Read more

November 18, 2025 · 11:10 AM UTC

lululemon Unveils Athlete Kit for Milano Cortina 2026 Olympic and Paralympic Winter Games in Partnership with the Canadian Olympic Committee and Canadian Paralympic Committee

Read more

October 16, 2025 · 4:05 PM UTC

lululemon Launches lululemon Gives to Advance Mental Health and Wellbeing through Movement and Mindfulness

Read more

September 10, 2025 · 2:55 PM UTC

Higher Ground and LAIKA Partner on Live Action Feature Film Audition; Lulu Wang to Direct With Lucy Liu and Charles Melton Starring

Read more