Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

$24.99

Analysis of Revenues

Microsoft Excel

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Revenues as Reported

lululemon athletica inc., income statement, revenues

US$ in thousands

Microsoft Excel
12 months ended: Feb 1, 2026 Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021
Women’s apparel
Men’s apparel
Accessories and other categories
Net revenue

Based on: 10-K (reporting date: 2026-02-01), 10-K (reporting date: 2025-02-02), 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).


The financial information reveals consistent revenue growth across all reported categories between January 31, 2021, and February 1, 2026. Women’s apparel consistently represents the largest portion of overall revenue, followed by men’s apparel and then accessories and other categories. The rate of growth, however, varies across these segments.

Women’s Apparel
Revenue from women’s apparel increased from US$3,049,906 thousand in 2021 to US$6,995,365 thousand in 2026. While growth was substantial initially, the incremental increase between 2023 and 2026 appears to be moderating compared to the period between 2021 and 2023. The growth rate slowed from approximately 73.2% between 2021 and 2022, to 25.9% between 2023 and 2024, and further to 8.8% between 2024 and 2026.
Men’s Apparel
Men’s apparel demonstrates the highest percentage growth rate over the observed period. Revenue increased from US$953,183 thousand in 2021 to US$2,663,986 thousand in 2026. The growth rate, while consistently positive, also shows signs of deceleration, though less pronounced than in the women’s apparel segment. The growth rate slowed from approximately 61.1% between 2021 and 2022, to 23.4% between 2023 and 2024, and further to 18.2% between 2024 and 2026.
Accessories and Other Categories
Accessories and other categories experienced significant growth, increasing from US$398,790 thousand in 2021 to US$1,443,249 thousand in 2026. This segment exhibits a consistently strong growth trajectory, with the percentage increase remaining relatively stable throughout the period. The growth rate slowed from approximately 37.9% between 2021 and 2022, to 36.2% between 2023 and 2024, and further to 18.4% between 2024 and 2026.
Net Revenue
Overall net revenue increased from US$4,401,879 thousand in 2021 to US$11,102,600 thousand in 2026. The growth rate of net revenue mirrors the trends observed in the individual categories, with a deceleration in the rate of increase from 42.1% between 2021 and 2022, to 29.2% between 2023 and 2024, and further to 10.4% between 2024 and 2026. This suggests a maturing revenue base where maintaining high growth percentages becomes increasingly challenging.

In summary, all revenue streams demonstrate positive growth. However, the rate of growth is slowing across all categories, indicating a potential shift in the company’s growth phase. Men’s apparel and accessories continue to exhibit robust growth, while the growth of women’s apparel, though still substantial in absolute terms, is experiencing a more noticeable deceleration.