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.
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- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
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lululemon athletica inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 10-K (reporting date: 2026-02-01), 10-Q (reporting date: 2025-11-02), 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03).
The income statement reveals a dynamic period for the company, characterized by significant fluctuations in revenue and profitability. Initial periods demonstrate growth, followed by a substantial surge, then a period of stabilization and renewed expansion. A detailed examination of key financial items highlights these trends.
- Net Revenue
- Net revenue experienced considerable volatility. From May 2020 to January 2021, revenue increased substantially, peaking at US$1,729,549 thousand. A subsequent decline occurred in the following quarter, followed by a period of relative stability between May 2021 and January 2022. A significant increase is then observed from January 2022 to January 2023, followed by a decrease in the subsequent quarters. The most recent periods (April 2024 – February 2025) show a pattern of increase, decrease, and then another increase, culminating in US$3,640,801 thousand in February 2026.
- Gross Profit
- Gross profit generally mirrored the trend in net revenue. It rose significantly through January 2021, experienced a dip, and then stabilized before increasing again from January 2022. The highest gross profit recorded was US$2,181,952 thousand in February 2025. The relationship between net revenue and gross profit suggests consistent gross margin percentages over the observed period.
- Operating Expenses
- Selling, general, and administrative expenses consistently increased over time, though at a slower rate than net revenue during periods of rapid growth. This suggests a degree of operating leverage. The expenses increased from US$299,583 thousand in May 2020 to US$1,183,773 thousand in February 2026. Impairment and restructuring costs were notable in January 2023 and October 2023, impacting income from operations in those periods. Acquisition-related expenses were most significant in the earlier periods observed, diminishing over time.
- Profitability
- Income from operations followed a similar pattern to gross profit, peaking in January 2024 at US$913,890 thousand. Net income also demonstrated significant fluctuations, with a peak of US$434,504 thousand in January 2022. The impact of income tax expense is evident, consistently reducing income before income tax to arrive at net income. The presence of impairment charges and restructuring costs in specific quarters significantly reduced net income in those periods.
- Other Income
- Other income (expense), net, generally remained relatively small compared to other items on the income statement, but exhibited some variability. A notable positive impact was observed in July 2022, with a gain on disposal of assets contributing to increased income. The final periods show a consistent, moderate positive contribution from other income.
Overall, the company demonstrated a capacity for substantial revenue growth, but also experienced periods of volatility. Expense management appears generally effective, though operating expenses increased consistently. Profitability was impacted by both core operational performance and non-recurring items such as impairment charges and restructuring costs. The recent periods suggest a return to growth in both revenue and profitability.