lululemon athletica inc

For the period ended May 4, 2025. Filed Jun 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

May 4, 2025 · Filed Jun 5, 2025

LULU$110.79-0.9%Stored close · as of Nov 6, 2026

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Segmented Information

Note 10. Segmented Information

The Company's segments are based on the financial information the CODM, who is the Chief Executive Officer, uses to evaluate performance and allocate resources. The CODM approves the annual budget on a segment level, and regularly assesses the performance of the Company's segments using key financial metrics, including net revenue and segmented income from operations.

The Company reports three segments: Americas, China Mainland, and Rest of World, which is comprised of its non-significant operating segments APAC and EMEA reported on a combined basis. The Company does not report capital expenditures and assets by segment as that information is not reviewed by the CODM.

Americas · China Mainland · Rest of World · Total Segments · Corporate(1) · Total
(In thousands)
Net revenue	$1,674,558	$368,101	$328,001	$2,370,660		$—	$2,370,660
Product costs(2)	480,820	81,815	90,264	652,899		—	652,899
Other cost of sales(2)	156,647	50,273	58,471	265,391		69,244	334,635
Selling, general and administrative expenses	447,760	82,378	106,410	636,548		306,323	942,871
Amortization of intangible assets	—	—	—	—		1,630	1,630
Income from operations	$589,331	$153,635	$72,856	$815,822		$(377,197)	$438,625
Other income (expense), net					11,786
Income before income tax expense					$450,411
Supplemental information:
Depreciation and amortization(3)	$51,441	$8,576	$8,712	$68,729		$45,800	$114,529

Americas · China Mainland · Rest of World · Total Segments · Corporate(1) · Total
(In thousands)
Net revenue	$1,622,264	$303,786	$282,841	$2,208,891		$—	$2,208,891
Product costs(2)	482,295	68,675	80,074	631,044		—	631,044
Other cost of sales(2)	147,177	47,508	47,742	242,427		60,352	302,779
Selling, general and administrative expenses	427,952	67,825	88,344	584,121		258,305	842,426
Income from operations	$564,840	$119,778	$66,681	$751,299		$(318,657)	$432,642
Other income (expense), net					23,283
Income before income tax expense					$455,925
Supplemental information:
Depreciation and amortization(3)	$44,326	$8,025	$6,506	$58,857		$36,902	$95,759

(1)Corporate includes centrally managed support functions including product design, raw material development, product innovation, sourcing, supply chain, and global merchandising which are included in other cost of sales. Administrative corporate expenses include technology, brand and marketing, finance, human resources, legal, and other head office costs.

(2)Cost of goods sold is made up of product costs and other cost of sales. Product costs include the cost of purchased merchandise, costs incurred to deliver inventory to the Company's distribution centers, shrink and inventory provision expenses, the cost of digital content subscription services, and hemming costs. Other cost of sales includes occupancy and depreciation expense for company-operated stores, distribution center costs, and product department costs.

(3)The amounts of depreciation and amortization disclosed by reportable segment are included within other cost of sales and selling, general and administrative expenses.

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