lululemon athletica inc.
For the period ended Feb 1, 2026. Filed Mar 17, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Mar 17, 2026
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Inventories
Note 4. Inventories
| February 1, 2026 | February 2, 2025 | |
|---|---|---|
| (In thousands) | ||
| Inventories, at cost | $1,789,576 | $1,526,055 |
| Inventory provisions and reserves: | ||
| Obsolescence provision | (52,646) | (45,840) |
| Damages provision | (34,450) | (36,416) |
| Shrink provision | (1,727) | (1,718) |
| (88,823) | (83,974) | |
| Inventories | $1,700,753 | $1,442,081 |
Shrink and inventory provision expense was $134.8 million, $139.8 million, and $181.1 million in 2025, 2024, and 2023, respectively. The expense for 2023 included an inventory obsolescence provision of $23.7 million recognized as a result of the decision to cease selling the lululemon Studio Mirror in the third quarter of 2023. Please refer to Note 10. Impairment of Assets and Restructuring Costs for further information.
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