Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

lululemon athletica inc., consolidated income statement (quarterly data)

US$ in thousands

3 months ended:	Aug 3, 2025	May 4, 2025	Feb 2, 2025	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Net revenue	2,525,219)	2,370,660)	3,611,497)	2,396,660)	2,371,078)	2,208,891)	3,205,103)	2,204,218)	2,209,165)	2,000,792)	2,771,838)	1,856,889)	1,868,328)	1,613,463)	2,129,113)	1,450,421)	1,450,618)	1,226,465)	1,729,549)	1,117,426)	902,942)	651,962)	1,397,491)	916,138)	883,352)	782,315)
Cost of goods sold	(1,048,017)	(987,534)	(1,429,545)	(995,054)	(958,893)	(933,823)	(1,301,678)	(947,554)	(910,654)	(849,987)	(1,244,219)	(818,037)	(812,852)	(743,070)	(892,941)	(621,028)	(607,932)	(526,151)	(716,815)	(490,072)	(413,441)	(317,560)	(586,665)	(411,094)	(397,556)	(360,595)
Gross profit	1,477,202)	1,383,126)	2,181,952)	1,401,606)	1,412,185)	1,275,068)	1,903,425)	1,256,664)	1,298,511)	1,150,805)	1,527,619)	1,038,852)	1,055,476)	870,393)	1,236,172)	829,393)	842,686)	700,314)	1,012,734)	627,354)	489,501)	334,402)	810,826)	505,044)	485,796)	421,720)
Selling, general and administrative expenses	(951,658)	(942,871)	(1,138,167)	(909,827)	(871,959)	(842,426)	(989,535)	(842,795)	(817,375)	(747,513)	(803,107)	(684,236)	(662,253)	(607,851)	(641,959)	(545,124)	(541,317)	(496,634)	(544,831)	(411,708)	(352,881)	(299,583)	(394,317)	(329,208)	(317,814)	(292,908)
Impairment of assets and restructuring costs	—)	—)	—)	—)	—)	—)	—)	(74,501)	—)	—)	(407,913)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Amortization of intangible assets	(1,730)	(1,630)	(1,617)	(1,118)	—)	—)	—)	(1,253)	(1,879)	(1,878)	(2,173)	(2,189)	(2,195)	(2,195)	(2,197)	(2,195)	(2,195)	(2,195)	(2,195)	(2,195)	(747)	(23)	(22)	(7)	—)	—)
Acquisition-related expenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(1,460)	(24,127)	(8,143)	(7,664)	(7,802)	(8,531)	(11,464)	(2,045)	—)	—)	—)	—)
Gain on disposal of assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	10,180)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Income from operations	523,814)	438,625)	1,042,168)	490,661)	540,226)	432,642)	913,890)	338,115)	479,257)	401,414)	314,426)	352,427)	401,208)	260,347)	590,556)	257,947)	291,031)	193,821)	457,906)	204,920)	124,409)	32,751)	416,487)	175,829)	167,982)	128,812)
Other income (expense), net	9,737)	11,786)	15,360)	13,743)	17,994)	23,283)	17,830)	9,842)	7,362)	8,025)	3,709)	331)	145)	(22)	176)	15)	96)	227)	(886)	(580)	(344)	1,174)	2,129)	1,925)	1,850)	2,379)
Income before income tax expense	533,551)	450,411)	1,057,528)	504,404)	558,220)	455,925)	931,720)	347,957)	486,619)	409,439)	318,135)	352,758)	401,353)	260,325)	590,732)	257,962)	291,127)	194,048)	457,020)	204,340)	124,065)	33,925)	418,616)	177,754)	169,832)	131,191)
Income tax expense	(162,646)	(135,839)	(309,125)	(152,534)	(165,298)	(134,504)	(262,252)	(99,243)	(145,016)	(119,034)	(198,324)	(97,288)	(111,832)	(70,327)	(156,228)	(70,174)	(83,053)	(49,092)	(127,183)	(60,697)	(37,264)	(5,293)	(120,595)	(51,772)	(44,842)	(34,588)
Net income	370,905)	314,572)	748,403)	351,870)	392,922)	321,421)	669,468)	248,714)	341,603)	290,405)	119,811)	255,470)	289,521)	189,998)	434,504)	187,788)	208,074)	144,956)	329,837)	143,643)	86,801)	28,632)	298,021)	125,982)	124,990)	96,603)

Net Revenue: Net revenue shows a generally upward trend with significant volatility aligned with fiscal quarters. Notably, there is a strong increase in revenue starting in early 2020, particularly from February 2020 to January 2021 and again from January 2023 onward, where revenue peaks above 3 billion USD in several quarters. However, certain quarters such as May 2020 and May 2021 reflect sharp declines, likely influenced by external factors.
Cost of Goods Sold (COGS): Cost of goods sold trends closely follow net revenue, increasing over time but with some fluctuations corresponding to revenue dips. The costs rise substantially after early 2020, with the highest costs recorded around early 2025, peaking at over 1.4 billion USD. The increase in COGS aligns with increased sales volumes but also reflects increased expenses or pricing pressures.
Gross Profit: Gross profit exhibits an overall increasing trend, with substantial growth starting from early 2020. The profit peaks align closely with peak revenue quarters, reaching highest values in quarters like January 2025 exceeding 2 billion USD. Despite the volatility in net revenue and COGS, gross profit remains consistently positive and generally expands over the period under review.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses increase steadily over the timeline, with occasional spikes. Starting around 800 million USD in early 2023, these expenses grow further into 2025, reflecting higher operational costs possibly due to expansion efforts or inflation. The increase in SG&A tends to be somewhat proportional to revenue growth but sometimes exhibits sharp increases not directly matched by revenue peaks, indicating possible efficiency or cost management concerns.
Impairment of Assets and Restructuring Costs: There are one-time significant impairment and restructuring charges recorded only in January 2023 and October 2023 quarters, with values of approximately -408 million USD and -75 million USD respectively. These costs negatively impacted operational results in these specific periods.
Amortization of Intangible Assets: Amortization expenses appear intermittently and maintain a fairly consistent range after 2020, fluctuating between approximately -1.1 million to -2.2 million USD per quarter. These are relatively small compared to other expenses but represent steady intangible asset costs over time.
Acquisition-Related Expenses: Acquisition-related expenses occur mainly between May 2020 and January 2022, peaking notably at -24 million USD in October 2021. Post this period, these expenses are not recorded, indicating the completion of acquisition activities during this timeframe.
Gain on Disposal of Assets: A singular gain of approximately 10.2 million USD is recorded in May 2022, which may have temporarily enhanced profitability during that quarter.
Income from Operations: Income from operations reflects significant growth overall, with two major peak periods: early 2020 and from early 2023 through 2025. The highest recorded operational income is over 1 billion USD in January 2025, suggesting improving operational efficiency or higher profitability from increased scale despite rising SG&A expenses.
Other Income (Expense), Net: Other income remains generally positive and increases markedly after mid-2022, reaching nearly 23 million USD in early 2025. This increment contributes modestly but consistently to overall profitability.
Income Before Income Tax Expense: Pre-tax income trends mirror income from operations closely, showing strong gains particularly in 2020 and 2023-2025 periods. The highest pre-tax income exceeds 1 billion USD in early 2025, reinforcing the company's capacity to generate earnings before taxes over time.
Income Tax Expense: Income tax expense fluctuates significantly, rising in absolute terms in quarters with higher pre-tax income. Taxes reach a peak of over -309 million USD in early 2025, consistent with elevated profitability levels. Periodic reductions in tax expenses align with dips in income before tax, reflecting variable tax obligations tied to earnings.
Net Income: Net income depicts a strong overall growth trajectory with substantial increases starting in 2020 and continuing through 2025. The highest net income surpasses 748 million USD in January 2025. Some quarters, particularly in 2023, show atypical declines or lower net income despite stable or growing revenues, suggesting impact from impairment charges and restructuring costs. Overall, net income growth supports the view of increasing profitability and successful financial performance expansion.

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lululemon athletica inc. (NASDAQ:LULU)

Income StatementQuarterly Data

Income Statement
Quarterly Data