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The financials
Lululemon Athletica by the numbers
Lululemon Athletica (LULU) reported revenue of $2.47B in Q1 2026 (quarter ended May 3, 2026), up 4.3% from the same quarter a year earlier. That came with a gross margin of 54% and net income of $195M (7.9% of revenue). For the full year FY2025, revenue was $11.1B (+4.9% year on year) and net income $1.58B. Its largest region in Q1 2026 was United States at $1.31B, 61% of the disclosed total, well ahead of China at 25%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $2.47B | $2.37B | +4.3% |
| Gross profit | $1.34B | $1.38B | −3.2% |
| Operating income | $277M | $439M | −37% |
| Net income | $195M | $315M | −38% |
| Diluted EPS | $1.69 | $2.60 | −35% |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $1.31B | 61% |
| China | $530M | 25% |
| Canada | $283M | 13% |
| Mexico | $25M | 1.1% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $2.15B (-34%)
China grew +29% year on yearUnited States -3.6% year on year
Segment Latestquarter on quarteryear on year
- United States$1.31B$1.31BQoQ -39%year on year -3.6%-39%-3.6%
- China$529.8M$529.8MQoQ -10%year on year +29%-10%+29%
- Canada$283.3M$283.3MQoQ -41%year on year -3.2%-41%-3.2%
- Mexico$24.7M$24.7MQoQ -26%year on year +28%-26%+28%
Apparel Retail
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