Analysis of Reportable Segments
lululemon athletica inc. operates in 3 segments: Americas; China Mainland; and Rest of World.
Segment Profit Margin
lululemon athletica inc., profit margin by reportable segment
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 38.49% | 36.73% | 35.23% | — | — | — |
| China Mainland | 35.00% | 34.15% | 38.53% | — | — | — |
| Rest of World | 19.71% | 14.40% | 12.95% | — | — | — |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Americas | Americas segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
| China Mainland | China Mainland segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Rest of World | Rest of World segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Americas
lululemon athletica inc.; Americas; segment profit margin calculation
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segmented income from operations | 2,937,184) | 2,503,740) | 1,867,016) | —) | —) | —) |
| Net revenue | 7,631,647) | 6,817,454) | 5,299,906) | —) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 38.49% | 36.73% | 35.23% | — | — | — |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Segment profit margin = 100 × Segmented income from operations ÷ Net revenue
= 100 × 2,937,184 ÷ 7,631,647 = 38.49%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Americas | Americas segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: China Mainland
lululemon athletica inc.; China Mainland; segment profit margin calculation
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segmented income from operations | 337,316) | 196,865) | 167,318) | —) | —) | —) |
| Net revenue | 963,760) | 576,503) | 434,261) | —) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 35.00% | 34.15% | 38.53% | — | — | — |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Segment profit margin = 100 × Segmented income from operations ÷ Net revenue
= 100 × 337,316 ÷ 963,760 = 35.00%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | China Mainland | China Mainland segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Profit Margin: Rest of World
lululemon athletica inc.; Rest of World; segment profit margin calculation
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Segmented income from operations | 201,832) | 103,204) | 67,674) | —) | —) | —) |
| Net revenue | 1,023,871) | 716,561) | 522,450) | —) | —) | —) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 19.71% | 14.40% | 12.95% | — | — | — |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
1 2024 Calculation
Segment profit margin = 100 × Segmented income from operations ÷ Net revenue
= 100 × 201,832 ÷ 1,023,871 = 19.71%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Rest of World | Rest of World segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Net revenue
lululemon athletica inc., net revenue by reportable segment
US$ in thousands
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 7,631,647) | 6,817,454) | 5,299,906) | —) | —) | —) |
| China Mainland | 963,760) | 576,503) | 434,261) | —) | —) | —) |
| Rest of World | 1,023,871) | 716,561) | 522,450) | —) | —) | —) |
| Total | 9,619,278) | 8,110,518) | 6,256,617) | —) | —) | —) |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
Segmented income from operations
lululemon athletica inc., segmented income from operations by reportable segment
US$ in thousands
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | Feb 3, 2019 | |
|---|---|---|---|---|---|---|
| Americas | 2,937,184) | 2,503,740) | 1,867,016) | —) | —) | —) |
| China Mainland | 337,316) | 196,865) | 167,318) | —) | —) | —) |
| Rest of World | 201,832) | 103,204) | 67,674) | —) | —) | —) |
| Total | 3,476,332) | 2,803,809) | 2,102,008) | —) | —) | —) |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).