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Stocks / United States / LULU · Apparel & Other Finishd Prods Of Fabrics & Similar Matl · Nasdaq

lululemon athletica Inc. (LULU)

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lululemon athletica Inc. (LULU) reported revenue of $2.4 billion for Q2 FY2026, the quarter ended 2 August 2026, down 4.3% on the same quarter a year earlier. Net income was $329 million, down 11.2% on the year, and diluted earnings per share $2.92. The figures are the company's own, from the 10-Q it filed with the SEC on 3 September 2026.

Revenue$2.4 billiondown 4.3%
Net income$329 milliondown 11.2%
Diluted EPS$2.92
QuarterQ2 FY2026ended 2 August 2026

Ratios

From the filings

ROE29.6%
ROCE41.3%
Operating margin17.8%
Net margin12.8%
FCF margin12.2%
Interest covern/a
Debt to equityn/a
Cash conversion1.40
Share count, 1 year-6.4%
Sales CAGR, 3 years11.0%
Profit CAGR, 3 years22.7%
EPS, TTM$12.17

At the close of 21 September 2026

Price$101.30
Market cap$10.8 billion
Stock P/E8.32
Price to book2.25
EV / EBITDA3.73
Dividend yieldn/a
Market cap / sales0.97
52-week high$215.88
52-week low$95.98
Price, 1 year-40.3%
Price CAGR, 3 years-36.1%
Price CAGR, 5 years-25.2%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on LULU

Filings35 in twelve months: 15 current reports (8-K), about 7 officer or director change; 5 regulation fd disclosure; 4 results of operations; 3 other events; 2 material agreement
Planned insider sales4 Form 144 notices in twelve months, $3.5 million; latest 8 April 2026
Options tapeput/call 0.78 by open interest on 23 September 2026; the straddle prices a 3.2% move to 25 September 2026
Holders11 of the followed funds hold it; largest Citadel Advisors; 4 Schedule 13D or 13G filings in twelve months
Insider trading5 sales and 3 purchases on Form 4 in twelve months
Congress1 House trade disclosed in six months
Short interest13.5 million shares short, 3.34 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue2,2043,2052,2092,3712,3973,6112,3712,5252,5663,6412,4722,416
Cost of revenue9481,3029349599951,4309881,0481,1401,6431,133954
Gross profit1,2571,9031,2751,4121,4022,1821,3831,4771,4261,9981,3391,462
Gross margin57%59%58%60%58%60%58%58%56%55%54%61%
SG&A8439908428729101,1389439529881,1841,0601,006
Operating income3389144335404911,042439524436812277454
Operating margin15%29%20%23%20%29%19%21%17%22%11%19%
Pre-tax income3489324565585041,058450534442813286467
Tax rate29%28%30%30%30%29%30%30%31%28%32%30%
Net income249669321393352748315371307587195329
Net margin11%21%15%17%15%21%13%15%12%16%8%14%
Diluted EPS$1.96$5.28$2.54$3.15$2.87$6.08$2.60$3.10$2.59$4.97$1.69$2.92
Operating cash flow3901,3841284433011,401-1193292501,143214375
Capital expenditure163207131145178235152178167183127150
Free cash flow2271,178-3.22981221,166-27115182.496087.1225
Buybacks21354.0299589413335434281191272362333
Shares outstanding121m121m120m119m117m116m115m114m113m111m109m107m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue1,7972,0612,3442,6493,2883,9794,4026,2578,1119,61910,58811,10311,094
Cost of revenue8831,0631,1451,2501,4721,7561,9382,6483,6184,0104,3174,8184,869
Gross profit9149971,2001,3991,8162,2232,4643,6094,4925,6096,2716,2846,224
Gross margin50.9%48.4%51.2%52.8%55.2%55.9%56.0%57.7%55.4%58.3%59.2%56.6%56.1%
Selling, general and administrative5386287789041,1101,3341,6092,2252,7573,3973,7624,0674,238
Operating income3763694214567068898201,3331,3282,1332,5062,2111,979
Operating margin20.9%17.9%18.0%17.2%21.5%22.3%18.6%21.3%16.4%22.2%23.7%19.9%17.8%
Pre-tax income3833684234607158978191,3341,3332,1762,5762,2392,008
Income tax144102119201231252230359478626761660590
Effective tax rate37.6%27.8%28.2%43.8%32.4%28.1%28.1%26.9%35.9%28.8%29.6%29.5%29.4%
Net income2392663032594846465899758551,5501,8151,5791,418
Net margin13.3%12.9%12.9%9.8%14.7%16.2%13.4%15.6%10.5%16.1%17.1%14.2%12.8%
Diluted EPS$1.66$1.89$2.21$1.90$3.61$4.93$4.50$7.49$6.68$12.20$14.64$13.26$12.17
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow3142983864897436698031,3899662,2962,2731,6021,982
Capital expenditure120143150158226283229395639652689681628
Free cash flow1951542373315173865749953281,6441,5839221,354
Free cash flow margin10.8%7.5%10.1%12.5%15.7%9.7%13.0%15.9%4.0%17.1%15.0%8.3%12.2%
Depreciation and amortisation58.473.487.7108122162185224292379447496540
Share-based compensation8.310.416.817.628.645.650.869.178.193.690.062.291.2
Buybacks14727429.310059817363.78134445591,6371,1781,158
Diluted shares, weighted144m141m137m136m134m131m131m130m128m127m124m119m113m
Shares outstanding at period end132m127m127m126m122m124m125m123m122m121m116m111m107m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 FY2016 FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Total assets1,2961,3141,6581,9982,0853,2814,1854,9425,6077,0927,6038,4578,485
Cash and equivalents6645017359918811,0941,1511,2601,1552,2441,9841,8071,390
Receivables13.713.19.219.235.840.262.477.0133125120191171
Inventory2082842983304055196479661,4471,3241,4421,7011,711
Goodwill24.423.824.224.624.224.238738724.124.1160185186
Operating lease liabilitiesn/an/an/an/a0.06116336928621,1541,3011,5001,774
Shareholders' equity1,0901,0271,3601,5971,4461,9522,5592,7403,1494,2324,3244,9624,791
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded18.3%20.3%11.0%1.7%
Profit growth, compounded19.5%21.8%22.7%-20.6%
Return on equity, average30.1%34.6%36.8%31.8%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Filings

FilingPeriodFiledWhere
10-Q2 August 20263 September 2026EDGAR
10-Q3 May 20264 June 2026EDGAR
10-K1 February 202617 March 2026EDGAR
10-Q2 November 202511 December 2025EDGAR
10-Q3 August 20254 September 2025EDGAR
10-Q4 May 20255 June 2025EDGAR
10-K2 February 202527 March 2025EDGAR
10-Q27 October 20245 December 2024EDGAR
10-Q28 July 202429 August 2024EDGAR
10-Q28 April 20245 June 2024EDGAR

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