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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- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Selected Financial Data since 2008
- Return on Assets (ROA) since 2008
- Price to Book Value (P/BV) since 2008
- Price to Sales (P/S) since 2008
- Analysis of Revenues
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lululemon athletica inc., consolidated income statement (quarterly data)
US$ in thousands
Based on: 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), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
- Net Revenue
- Net revenue exhibits a general upward trend with notable seasonal fluctuations, often peaking in the first quarter of each fiscal year. The periods from early 2020 experienced volatility likely due to external market disruptions, followed by significant recovery and growth reaching new highs by 2024 and 2025. Overall, revenue growth indicates expanding market demand and successful sales performance over the observed period.
- Cost of Goods Sold (COGS)
- The cost of goods sold generally increased in parallel with net revenue, reflecting proportional growth in production or procurement expenses. The COGS margins have remained relatively stable, albeit with some increase during peak sales quarters. Sharp rises in COGS correspond with revenue surges, suggesting consistent gross margin management despite increased scale. Some cost control variability is observable during periods of slower revenue growth.
- Gross Profit
- Gross profit trends mimic revenue growth with pronounced seasonal peaks in the early quarters. Gross profit margins have generally improved over time, indicating effective cost management and pricing strategy. There is a visible recovery from mid-2020 declines, with gross profits reaching record levels in 2024–2025. This improvement signals enhanced operational efficiency and stronger profitability at the core business level.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses demonstrate a steady increase over the years, correlating with business expansion. Spikes in SG&A often coincide with higher revenue quarters, reflecting increased investment in marketing, administration, and other operational activities. However, expense growth has been more contained compared to revenue increases, implying improving operating leverage.
- Impairment of Assets and Restructuring Costs
- There were significant one-time impairment and restructuring charges recorded in early 2023 and sporadically in prior periods. These costs temporarily impact overall profitability and may relate to strategic realignments or asset write-downs. Their episodic nature suggests focused efforts on restructuring with limited recurring impact beyond these quarters.
- Amortization of Intangible Assets
- Amortization expenses related to intangible assets have been relatively consistent since mid-2019, with minor fluctuations. The slight decline in recent periods may indicate the completion of certain amortization schedules or changes in intangible asset composition.
- Acquisition-Related Expenses
- Acquisition-related costs appeared predominantly between 2020 and early 2021, reflecting active acquisition or integration phases during that timeframe. These expenses declined to negligible levels afterward, indicating completed acquisition activities and stabilization.
- Gain on Disposal of Assets
- A notable gain from asset disposal was recognized in early 2022, providing a one-time boost to non-operating income. This gain was not repeated in other periods, and thus its impact on financial results is limited to that specific quarter.
- Income from Operations
- Operating income has shown marked growth with volatility aligned with gross profit and SG&A dynamics. The data reflects strong operating leverage, with operating income surging in quarters of high revenue. Despite some dips, the overall trend is positive, illustrating effective operational management and a robust earnings base.
- Other Income (Expense), Net
- This line item remains relatively small and fluctuating, occasionally offering positive contributions to income before taxes. The rising trend in recent years points to favorable non-core financial activities or investments but remains a minor component of overall profitability.
- Income Before Income Tax Expense
- Income before taxes closely follows the operating income trend, with improvements paralleling revenue and cost trends. The variations mirror operating performance with additions from other income components. Peaks in tax-inclusive income appear consistent with strong operational quarters.
- Income Tax Expense
- Income tax expenses fluctuate widely but generally increase in absolute terms as income before taxes grows. Some irregularities reflect timing differences or tax effects from restructuring charges and gains. Effective tax rates appear variable but tend to stabilize alongside pre-tax income increases.
- Net Income
- Net income shows substantial growth over the observed periods despite periodic volatility caused by impairment charges, tax expenses, and acquisition costs. After a decline in mid-2020, net income recovered strongly, reaching record highs in 2024 and 2025. This trajectory indicates sustained profitability increases and successful financial management.