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Lululemon Athletica (LULU)

Market Price (10/8/2025): $172.99 | Market Cap: $20.7 Bil
Sector: Consumer Discretionary | Industry: Apparel, Accessories & Luxury Goods

Lululemon Athletica (LULU)

Market Price (10/8/2025): $172.99
Market Cap: $20.7 Bil
Sector: Consumer Discretionary
Industry: Apparel, Accessories & Luxury Goods

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 5.6%		 Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -125%		 
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%		  
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%		  
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 5.6%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 23%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -41%
4 Weak multi-year price returns
2Y Excs Rtn is -112%, 3Y Excs Rtn is -125%

Market Valuation & Key Metrics

LULUS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)10.9
Rev Chg Q6.5%6.1%
Rev Chg LTM9.2%5.2%
Rev Chg 3Y Avg15.8%5.3%
PROFITABILITYFAIR
Op Inc LTM ($ Bil)2.5
Op Mgn LTM22.9%18.6%
CFO LTM ($ Bil)1.9
CFO/Rev LTM17.5%20.3%
Net Inc LTM ($ Bil)1.8
Net Inc Mgn16.4%12.6%
VALUATIONLOW
P/S1.93.3
P/CFO10.815.8
P/FCF17.721.1
P/E11.623.9
STABILITYVERY GOOD
Debt/Equity0.090.21
Cash/Assets0.150.07

LULU Stock

Factor Drivers of Stock Movement
The -30.1% change in LULU stock from 4/8/2025 to 10/7/2025 was primarily driven by a -30.1% change in the company's Total Revenues ($ Mil).

408202510072025Change
Stock Price ($)247.61173.17-30.06%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)3611.502525.22-30.08%
Net Income Margin (%)20.72%14.69%-29.12%
P/E Multiple40.2155.8438.88%
Shares Outstanding (Mil)121.53119.601.59%
Cumulative Contribution-30.08%

LTM = Last Twelve Months as of date shown
The -36.4% change in LULU stock from 10/7/2024 to 10/7/2025 was primarily driven by a -35.4% change in the company's P/E Multiple.

1007202410072025Change
Stock Price ($)272.48173.17-36.45%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)2371.082525.226.50%
Net Income Margin (%)16.57%14.69%-11.37%
P/E Multiple86.4955.84-35.44%
Shares Outstanding (Mil)124.72119.604.11%
Cumulative Contribution-36.55%

LTM = Last Twelve Months as of date shown
The -41.9% change in LULU stock from 10/8/2022 to 10/7/2025 was primarily driven by a -57.5% change in the company's P/E Multiple.

1008202210072025Change
Stock Price ($)298.22173.17-41.93%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1868.332525.2235.16%
Net Income Margin (%)15.50%14.69%-5.22%
P/E Multiple131.4555.84-57.52%
Shares Outstanding (Mil)127.62119.606.28%
Cumulative Contribution-42.16%

LTM = Last Twelve Months as of date shown

Price Returns Compared

 202020212022202320242025Total [1]
Returns
LULU Return50%12%-18%60%-25%-55%-24%
Peers Return0%12%-17%7%-6%-9%-14%
S&P 500 Return16%27%-19%24%23%14%108%

Monthly Win Rates [3]
LULU Win Rate58%42%33%83%50%33% 
Peers Win Rate35%32%22%33%50%52% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
LULU Max Drawdown-40%-18%-34%-9%-54%-58% 
Peers Max Drawdown-31%-3%-29%-11%-14%-28% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NKE, SKX, UA, LB, JL. See LULU Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/7/2025 (YTD)

Downturns Compared

Unique KeyEventLULUS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-46.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven85.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven563 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-47.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven89.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven66 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-31.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven45.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven191 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-92.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven1191.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven640 days1480 days


How Low Can It Go?

Lululemon Athletica's stock fell -46.1% during the 2022 Inflation Shock from a high on 11/16/2021. A -46.1% loss requires a 85.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Lululemon Athletica (LULU)

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits. It also provides fitness-related accessories and footwear. The company sells its products through a chain of company-operated stores; outlets and warehouse sales; interactive workout platform; a network of wholesale accounts, such as yoga studios, health clubs, and fitness centers; temporary locations; and license and supply arrangements, as well as directly to consumer through mobile apps and lululemon.com e-commerce website. As of January 30, 2022, it operated 574 company-operated stores under the lululemon brand in the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.

Interactive Breakdown

Lululemon Athletica Interactive Breakdown Analysis

Better Bets than Lululemon Athletica (LULU)

 LULUBetter Performance than LULU
MetricValueIndustry (Apparel, Accessories & Luxury )
Rev Chg LTM9.2%RL (9.6%), REAL (12.7%), ELA (24.3%), LAKE (39.1%), JRSH (17.1%)
Rev Chg 3Y Avg15.8%LAKE (20.3%)
Op Mgn LTM22.9%
CFO/Rev LTM17.5%GOOS (21.4%)
FCF/Rev LTM10.7%TPR (15.6%), KTB (11.3%), GOOS (20.1%), GIII (11.3%)
Total Yield8.6%PVH (11.9%), COLM (10.2%), GIII (15.9%), CRI (22.6%), OXM (17.3%)
 LULUBetter Performance than LULU
MetricValueAll Other Sectors
Rev Chg LTM9.2%NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), META (19.4%), AVGO (28.0%)
Rev Chg 3Y Avg15.8%NVDA (92.0%), AVGO (24.0%), LLY (23.4%), PLTR (25.7%), APP (23.7%)
Op Mgn LTM22.9%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), META (42.9%)
CFO/Rev LTM17.5%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), META (56.4%)
FCF/Rev LTM10.7%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), META (30.7%)
Total Yield8.6%XOM (9.8%), UNH (8.8%), CVX (9.6%), WFC (9.9%), MRK (11.1%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Lululemon Athletica Earnings Notes  
2Will You Be Comfortable Buying Lululemon Athletica Stock?Return 
3LULU Dips 20% In One Week: Does It Lead the Pack?  
4Time To Buy Lululemon Athletica Stock?Buy or Fear 
5LULU At Price Support Zone, Right Time To Buy?Actionable 
6Better Bet Than LULU Stock: Pay Less Than Lululemon Athletica To Get More From CCL, IBKR   
7Better Bet Than LULU Stock: Pay Less Than Lululemon Athletica To Get More From CCL   
8Is The 20.1% Decline In Lululemon Athletica (LULU) Stock A Dip Buying Opportunity?Actionable 
9This Is the Kind of Cash Yield You Usually Look For, So Why Not LULU?Actionable 
10Is The 17.6% Decline In Lululemon Athletica (LULU) Stock A Dip Buying Opportunity?Actionable 
11ARTICLES  
12Has LULU Quietly Become a Value Play? October 2nd, 2025
13Better Bet Than Nike Stock: Pay Less To Get More From TPR, LULU September 30th, 2025
14As TPR Surges 16% in a Month, LULU’s Story Stands Out September 19th, 2025
15LULU Lost 20% In A Month. Do You Buy Or Wait? September 18th, 2025
16S&P 500 Stocks Trading At 52-Week Low September 13th, 2025
Title
0DASHBOARDS
1Has LULU Quietly Become a Value Play?
2Better Bet Than Nike Stock: Pay Less To Get More From TPR, LULU
3As TPR Surges 16% in a Month, LULU’s Story Stands Out
4LULU Lost 20% In A Month. Do You Buy Or Wait?
5S&P 500 Stocks Trading At 52-Week Low
6ARTICLES
7Lululemon Athletica Earnings Notes
8Will You Be Comfortable Buying Lululemon Athletica Stock?
9LULU Dips 20% In One Week: Does It Lead the Pack?
10Time To Buy Lululemon Athletica Stock?
11LULU At Price Support Zone, Right Time To Buy?
12Better Bet Than LULU Stock: Pay Less Than Lululemon Athletica To Get More From CCL, IBKR 
13Better Bet Than LULU Stock: Pay Less Than Lululemon Athletica To Get More From CCL 
14Is The 20.1% Decline In Lululemon Athletica (LULU) Stock A Dip Buying Opportunity?
15This Is the Kind of Cash Yield You Usually Look For, So Why Not LULU?
16Is The 17.6% Decline In Lululemon Athletica (LULU) Stock A Dip Buying Opportunity?

Trade Ideas

Select past trade ideas related to LULU and Apparel, Accessories & Luxury Goods.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-11.8%-11.8%-11.8%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.3%-3.3%-3.3%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-5.2%-5.2%-5.2%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-2.6%-2.6%-2.6%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-6.2%-6.2%-6.2%
LULU_6302025_Dip_Buyer_ValueBuy06302025LULULululemon AthleticaDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-27.1%-27.1%-32.7%
LULU_11302024_Dip_Buyer_ValueBuy11302024LULULululemon AthleticaDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-1.2%-46.0%-50.1%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ANF_9302025_Dip_Buyer_FCFYield09302025ANFAbercrombie & FitchDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-11.8%-11.8%-11.8%
DECK_9302025_Dip_Buyer_FCFYield09302025DECKDeckers OutdoorDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-3.3%-3.3%-3.3%
CHH_9302025_Dip_Buyer_ValueBuy09302025CHHChoice Hotels InternationalDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-5.2%-5.2%-5.2%
VAC_9302025_Dip_Buyer_ValueBuy09302025VACMarriott Vacations WorldwideDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-2.6%-2.6%-2.6%
FUN_9302025_Short_Squeeze09302025FUNSix Flags EntertainmentSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.		-6.2%-6.2%-6.2%
LULU_6302025_Dip_Buyer_ValueBuy06302025LULULululemon AthleticaDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-27.1%-27.1%-32.7%
LULU_11302024_Dip_Buyer_ValueBuy11302024LULULululemon AthleticaDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-1.2%-46.0%-50.1%

See Trefis Trade Ideas for more.

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1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
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2PLUGPlug Power66.1%81.7%
3USARUSA Rare Earth64.5%94765.8%
4SESSES AI62.3%23.7%
5HIVEHIVE Digital Technologies53.8%117.5%
6ASTSAST SpaceMobile52.3%254.3%
7LARLithium Argentina51.8% 
8BKSYBlackSky Technology49.6%179.4%
9RGTIRigetti Computing47.4%187.7%
10NNENano Nuclear Energy46.9%127.5%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAGENiagen Bioscience-23.0% 
2WIXWix.com-22.3%-35.7%
3PTONPeloton Interactive-18.8%-16.0%
4HTZHertz Global-17.9%52.5%
5LEGHLegacy Housing-17.2%-7.7%
6CRSRCorsair Gaming-16.9%12.1%
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8RKTRocket Companies-16.0%52.8%
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10COURCoursera-15.5%16.4%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed2069.9%300.8%
2QUREuniQure232.3%228.0%
3RGTIRigetti Computing189.8%187.7%
4LACLithium Americas178.5%178.5%
5BITFBitfarms171.1%132.9%
6PLUGPlug Power168.8%81.7%
7CLPTClearPoint Neuro141.4%71.6%
8BETRBetter Home & Finance141.3%577.1%
9HIVEHIVE Digital Technologies138.5%117.5%
10MNPRMonopar Therapeutics137.5%347.8%

1 Month Top Losers

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1FLYFirefly Aerospace-33.5% 
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3LGIHLGI Homes-29.9%-47.9%
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8DVDoubleVerify-27.3%-41.6%
9KMXCarMax-26.9%-45.1%
10IDTIDT-26.9%0.9%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1SLDPSolid Power81.6%233.3%
2PLUGPlug Power66.1%81.7%
3USARUSA Rare Earth64.5%94765.8%
4SESSES AI62.3%23.7%
5HIVEHIVE Digital Technologies53.8%117.5%
6ASTSAST SpaceMobile52.3%254.3%
7LARLithium Argentina51.8% 
8BKSYBlackSky Technology49.6%179.4%
9RGTIRigetti Computing47.4%187.7%
10NNENano Nuclear Energy46.9%127.5%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAGENiagen Bioscience-23.0% 
2WIXWix.com-22.3%-35.7%
3PTONPeloton Interactive-18.8%-16.0%
4HTZHertz Global-17.9%52.5%
5LEGHLegacy Housing-17.2%-7.7%
6CRSRCorsair Gaming-16.9%12.1%
7MRXMarex-16.0%-8.3%
8RKTRocket Companies-16.0%52.8%
9URGNUroGen Pharma-15.6%58.1%
10COURCoursera-15.5%16.4%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Lululemon Athletica

Financials

LULUNKESKXUALBJLMedian
NameLululemo.Nike Skechers.Under Ar.LandBrid.J-Long  
Mkt Price173.1768.91-4.7554.414.4054.41
Mkt Cap20.7101.8-2.01.3-11.4
Rev LTM10,90446,440-5,115156-8,009
Op Inc LTM2,4953,420-16475-1,329
FCF LTM1,1683,009--32286-627
FCF 3Y Avg1,2794,893--87--1,279
CFO LTM1,9123,526--16388-1,000
CFO 3Y Avg1,9645,611-72--1,964

Growth & Margins

LULUNKESKXUALBJLMedian
NameLululemo.Nike Skechers.Under Ar.LandBrid.J-Long  
Rev Chg LTM9.2%-7.1%--8.2%95.0%-1.0%
Rev Chg 3Y Avg15.8%-0.3%--3.6%---0.3%
Rev Chg Q6.5%1.1%--4.2%83.2%-3.8%
QoQ Delta Rev Chg LTM1.4%0.3%--1.0%16.0%-0.9%
Op Mgn LTM22.9%7.4%-3.2%47.8%-15.1%
Op Mgn 3Y Avg22.7%10.2%-2.1%--10.2%
QoQ Delta Op Mgn LTM-0.5%-0.6%-5.7%51.5%-2.6%
CFO/Rev LTM17.5%7.6%--3.2%56.0%-12.6%
CFO/Rev 3Y Avg19.8%11.3%-1.2%--11.3%
FCF/Rev LTM10.7%6.5%--6.3%54.8%-8.6%
FCF/Rev 3Y Avg12.9%9.9%--1.6%--9.9%

Valuation

LULUNKESKXUALBJLMedian
NameLululemo.Nike Skechers.Under Ar.LandBrid.J-Long  
Mkt Cap20.7101.8-2.01.3-11.4
P/S1.92.2-0.48.4-2.0
P/EBIT8.329.8-12.417.5-15.0
P/E11.635.1-20.068.7-27.6
P/CFO10.828.9--12.414.9-12.9
Total Yield8.6%2.8%-5.0%18.0%-6.8%
Dividend Yield0.0%0.0%-0.0%16.5%-0.0%
FCF Yield 3Y Avg3.6%3.8%--3.0%--3.6%
D/E0.10.1-0.80.3-0.2
Net D/E0.00.0-0.40.3-0.1

Returns

LULUNKESKXUALBJLMedian
NameLululemo.Nike Skechers.Under Ar.LandBrid.J-Long  
1M Rtn3.2%-6.8%--4.4%4.5%-25.3%-4.4%
3M Rtn-27.4%-6.3%--28.6%-14.0%-30.7%-27.4%
6M Rtn-30.1%30.9%-0.4%-9.8%46.7%0.4%
12M Rtn-36.4%-12.9%--40.8%19.5%10.3%-12.9%
3Y Rtn-41.9%-16.9%--24.2%---24.2%
1M Excs Rtn-0.4%-10.4%--6.8%2.8%-26.3%-6.8%
3M Excs Rtn-33.8%-13.0%--35.2%-18.8%-37.5%-33.8%
6M Excs Rtn-67.3%-7.3%--39.1%-44.5%7.0%-39.1%
12M Excs Rtn-51.8%-32.0%--59.0%7.4%-14.2%-32.0%
3Y Excs Rtn-125.3%-100.1%--107.6%---107.6%

Financials

$ Mil | FY: 2/22026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
Period End8/3/20255/4/20252/2/202510/27/20247/28/20244/28/20241/28/202410/29/20237/30/20234/30/20231/29/202310/30/2022
Filing Date9/4/20256/5/20253/27/202512/5/20248/29/20246/5/20243/21/202412/7/20238/31/20236/1/20233/28/202312/8/2022
Key Financials Quarterly            
Total Revenue2,5252,3713,6112,3972,3712,2093,2052,2042,2092,0012,7721,857
Ebitda6445531,1766046445281,017511573486803432
Operating Income5244391,042491540433914413479401722352
Net Income371315748352393321669249342290120255
EPS3.102.616.152.873.152.555.291.972.692.280.942.00
Key Financials TTM            
Total Revenue TTM10,90410,75010,58810,1829,9899,8279,6199,1868,8398,4988,1117,468
Ebitda TTM2,9772,9772,9522,7942,7002,6292,5872,3722,2932,1792,0181,870
Operating Income TTM2,4952,5122,5062,3772,2992,2382,2072,0161,9551,8671,7261,596
Net Income TTM1,7861,8081,8151,7361,6331,5811,5501,0011,0079558551,169
Growth Rates Quarterly            
Total Revenue Growth6.5%7.3%12.7%8.7%7.3%10.4%15.6%18.7%18.2%24.0%30.2%28.0%
EBITDA Growth-0.0%4.7%15.6%18.3%12.3%8.8%26.8%18.3%24.9%49.5%22.7%26.9%
Operating Income Growth-3.0%1.4%14.0%18.9%12.7%7.8%26.5%17.1%22.6%54.2%22.0%24.9%
Net Income Growth-5.6%-2.1%11.8%41.5%15.0%10.7%458.8%-2.6%18.0%52.8%-72.4%36.0%
Margins Quarterly            
EBITDA Margin25.5%23.3%32.6%25.2%27.2%23.9%31.7%23.2%25.9%24.3%29.0%23.2%
Operating Income Margin20.7%18.5%28.9%20.5%22.8%19.6%28.5%18.7%21.7%20.1%26.1%19.0%
Net Income Margin14.7%13.3%20.7%14.7%16.6%14.6%20.9%11.3%15.5%14.5%4.3%13.8%
Cash & Debt            
Total Cash1,1561,3251,9841,1881,6101,9012,2441,0911,1089511,155353
Total Debt1,7631,7071,5761,5141,4591,4021,4031,1681,1941,0991,0701,038
Net Debt / (Cash)607382-409326-151-499-8417786148-85686
Cash Flows Quarterly            
FCF from Operations329-1191,4013014431281,384390477461,04666
Cash Flows TTM            
FCF from Operations TTM1,9122,0262,2732,2552,3452,3782,2961,9581,6341,255966651
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases28143433541358929954213194986917
Return on Invested Capital (ROIC) Quarterly            
ROIC160.3%180.8%-221.9%1181.7%--395.7%382.4%325.4%787.7%120.1%
Return on Invested Capital (ROIC) TTM            
ROIC TTM192.6%260.6%-273.0%1271.4%--433.0%357.2%344.0%801.6%136.8%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Women's product6,1475,2604,172  
Men's product2,2531,9571,536  
Other categories1,219894549  
Company-operated stores   1,6592,501
Direct to consumer   2,2841,138
Other   459340
Total9,6198,1116,2574,4023,979


Price Behavior

LULU Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta4.002.612.601.111.111.19
Up Beta4.672.712.941.160.961.22
Down Beta-1.061.492.120.540.840.91
Up Capture193%188%118%80%110%118%
Bmk +ve Days13233574144420
Stock +ve Days11223165132393
Down Capture809%403%406%185%137%108%
Bmk -ve Days8192952107330
Stock -ve Days10203260118357

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity9,012,240
Short Interest: % Change Since 831202537.8%
Average Daily Volume10,862,649
Days-to-Cover Short Interest1
Basic Shares Quantity119,600,000
Short % of Basic Shares7.5%

Returns Analyses

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
9/4/2025-18.6%-19.6%-14.8%
6/5/2025-19.8%-25.3%-28.7%
3/27/2025-14.2%-25.1%-21.4%
12/5/202415.9%12.9%14.1%
8/29/20240.2%-2.0%4.8%
6/5/20244.8%0.5%-4.6%
3/21/2024-15.8%-18.4%-24.4%
12/7/20235.4%5.3%4.5%
...
SUMMARY STATS   
# Positive9910
# Negative121211
Median Positive6.7%10.0%5.3%
Median Negative-7.1%-8.7%-14.8%
Max Positive15.9%18.4%18.0%
Max Negative-19.8%-25.3%-28.7%

SEC Filings

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Report DateFiling DateFiling
7312025904202510-Q 8/3/2025
4302025605202510-Q 5/4/2025
1312025327202510-K 2/2/2025
103120241205202410-Q 10/27/2024
7312024829202410-Q 7/28/2024
4302024605202410-Q 4/28/2024
1312024321202410-K 1/28/2024
103120231207202310-Q 10/29/2023
7312023831202310-Q 7/30/2023
4302023601202310-Q 4/30/2023
1312023328202310-K 1/29/2023
103120221208202210-Q 10/30/2022
7312022901202210-Q 7/31/2022
4302022602202210-Q 5/1/2022
1312022329202210-K 1/30/2022
103120211209202110-Q 10/31/2021

Insider Activity

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External Quote Links


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