Income Statement
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.
Paying user area
Try for free
lululemon athletica inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2008
- Total Asset Turnover since 2008
- Price to Earnings (P/E) since 2008
- Price to Operating Profit (P/OP) since 2008
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to lululemon athletica inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
lululemon athletica inc., consolidated income statement
US$ in thousands
Based on: 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), 10-K (reporting date: 2020-02-02).
- Net Revenue
- Net revenue demonstrated a consistent upward trajectory, increasing from approximately $3.98 billion in early 2020 to nearly $10.59 billion by early 2025. This more than doubling over five years indicates strong sales growth and expansion.
- Cost of Goods Sold (COGS)
- COGS also rose substantially, from around $1.76 billion in 2020 to about $4.32 billion in 2025. The increase generally corresponds with revenue growth, though the proportion of cost relative to revenue requires further ratio analysis for margin insights.
- Gross Profit
- Gross profit showed robust growth, more than doubling from approximately $2.22 billion in 2020 to around $6.27 billion in 2025. This indicates an overall improvement in the company’s ability to generate profit from its core operations, reflecting both higher sales and effective cost management at the production level.
- Selling, General and Administrative Expenses (SG&A)
- SG&A expenses increased steadily, from roughly $1.33 billion in 2020 to $3.76 billion in 2025. While these expenses grew significantly, the growth pace should be compared with revenue growth to evaluate operational efficiency and cost control.
- Impairment of Goodwill and Other Assets, Restructuring Costs
- Notably, substantial impairment and restructuring charges were recorded in 2023 and 2024, with a large one-time expense near $408 million in 2023 followed by a smaller charge around $75 million in 2024. These reflect non-recurring events potentially impacting profitability in those years.
- Amortization of Intangible Assets
- This expense item peaked in 2021 and 2022, then declined significantly by 2025. The decreasing trend could indicate the nearing end of amortization schedules or reduced intangible asset base.
- Acquisition-Related Expenses and Gain on Disposal of Assets
- Acquisition-related expenses were incurred in 2021 and 2022, but were absent in other years, suggesting specific acquisition activity during that period. Gains from asset disposals appeared only in 2023, indicating some monetization of assets that year.
- Income from Operations
- Operating income fluctuated but showed a strong recovery and growth trend after 2021, reaching approximately $2.51 billion by 2025. Despite the restructuring charges, the company maintained operational profitability and expanded its earnings.
- Other Income (Expense), Net
- Other income (expense) was generally modest except for significant positive spikes in 2024 and 2025, suggesting improving non-operational earnings or gains from financial activities that contributed positively to pre-tax income.
- Income Before Income Tax Expense
- Pre-tax income followed the pattern of operating income with strong growth in the last two years, culminating near $2.58 billion in 2025. This reflects an improved profit position before tax effects.
- Income Tax Expense
- Tax expenses increased steadily in line with rising pre-tax income, reaching about $761 million in 2025. The tax expense trend aligns with profitability growth and has a significant impact on net income.
- Net Income
- Net income experienced fluctuations, notably a dip in 2023 following a peak in 2022, possibly due to the impact of impairment and restructuring costs. However, a strong rebound occurred in 2024 and 2025, with net income reaching over $1.81 billion, illustrating substantial bottom-line improvement and resilience.
- Summary
- The company demonstrated strong revenue and gross profit growth over the analyzed period, supported by expanding scale and operational improvements. Despite significant one-time impairment and restructuring costs in 2023 and 2024, the company’s operating income and net income recovered strongly in the most recent years. SG&A expenses rose but not disproportionately to revenues, suggesting controlled administrative cost growth. Income tax expenses increased consistently due to higher profits. Non-operating income contributions also improved in the latest years, enhancing overall profitability. The data reflects a company with expanding core operations and recovering from non-recurring charges, ultimately delivering increased shareholder value through higher net income.