lululemon athletica inc.
For the period ended Aug 3, 2025. Filed Sep 4, 2025.
View on SEC.govAbout 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.
Aug 3, 2025 · Filed Sep 4, 2025
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Non-GAAP Financial Measures
We report certain financial metrics on a constant dollar basis, which is a non-GAAP financial measure.
A constant dollar basis assumes the average foreign currency exchange rates for the period remained constant with the average foreign currency exchange rates for the same period of the prior year. We use constant dollar metrics to facilitate comparison of underlying performance excluding the impact of changes in foreign currency exchange rates. Management uses these constant currency metrics internally when reviewing and assessing financial performance.
These non-GAAP financial measures are provided in addition to, and not a substitute for, the corresponding financial measures calculated in accordance with GAAP. A reconciliation of the non-GAAP financial measures follows, which includes more detail on the GAAP financial measure that is most directly comparable to each non-GAAP financial measure, and the related reconciliations between these financial measures. Our non-GAAP financial measures may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures reported by other companies.
Constant Dollar Changes
The below changes in net revenue show the change compared to the corresponding period in the prior year. Due to the 53rd week in 2024, the below changes in comparable sales are calculated on a one-week shifted basis such that the 13 or 26 weeks ended August 3, 2025 is compared to the 13 or 26 weeks ended August 4, 2024 rather than July 28, 2024.
| Second Quarter 2025 | First Two Quarters 2025 | |||||
|---|---|---|---|---|---|---|
| Change | Foreign exchange changes | Change in constant dollars | Change | Foreign exchange changes | Change in constant dollars | |
| Net Revenue | ||||||
| Americas | 1% | —% | 1% | 2% | 1% | 3% |
| China Mainland | 25 | (1) | 24 | 23 | — | 23 |
| Rest of World | 19 | (4) | 15 | 17 | (1) | 16 |
| Total net revenue | 7% | (1)% | 6% | 7% | —% | 7% |
| Comparable sales(1) | ||||||
| Americas | (4)% | 1% | (3)% | (3)% | 1% | (2)% |
| China Mainland | 17 | (1) | 16 | 12 | — | 12 |
| Rest of World | 12 | (3) | 9 | 9 | (1) | 8 |
| Total comparable sales | 1% | —% | 1% | 1% | —% | 1% |
(1)Comparable sales includes comparable company-operated store and e-commerce net revenue.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.