Short answer
Lululemon Athletica (LULU) filed its fiscal 2025 10-K annual report with the SEC on Mar 27, 2025. It reported revenue of $10.6B (+10.1% year over year) and net income of $1.8B.
- Top risk flagged: Inventory growth 9% YoY to $1.4B with expected 2025 inventory growth exceeding net revenue growth
FY2025 key financial metrics · XBRL
- Revenue
- $10.6B
- +10.1% YoY
- Net income
- $1.8B
- +17.1% YoY
- Operating margin
- 23.7%
- +1.5 pp YoY
- Gross margin
- 59.2%
- +0.9 pp YoY
- EPS (diluted)
- $14.64
- +20.0% YoY
- ROE
- 42.0%
- +5.3 pp YoY
- Operating cash flow
- $2.3B
- −1.0% YoY
Source: XBRL data from the Lululemon Athletica (LULU) FY2025 10-K on SEC EDGAR. USD.
Lululemon Athletica FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Designer, retailer of technical athletic apparel, footwear, accessories with vertical retail and omni-channel model
- New emphasis: Acquisition of lululemon branded retail operations in Mexico on September 10, 2024
- Strategic shift: Accelerated international growth focus with majority of 2025 store openings planned in China Mainland
- Quantitative highlight: Total company-operated stores increased to 767 from 711; Americas revenue 75% of total, China Mainland revenue grew 41.3%
- Noteworthy fact: Invested $71.0 million by Feb 2025 toward $75 million Impact Agenda goal advancing equity in well-being programs
Management Discussion & Analysis
- No profitability or margin figures disclosed in the excerpt
- No cash flow, buybacks, dividends, or capex details in the excerpt
- Forward-looking statements noted; no specific guidance or risks detailed in the excerpt
Risk Factors
- Inventory growth 9% YoY to $1.4B with expected 2025 inventory growth exceeding net revenue growth
- Capital expenditures planned at $740-$760M for fiscal 2025
- Credit facility $400M unsecured revolving with maturity December 14, 2026, $6.1M letters of credit outstanding
- Working capital excluding cash positive at $156.3M, current assets $4B vs liabilities $1.8B
- Dependence on external financing if cash flows and cash balances insufficient to fund expenditures
Generated from the filing text; verify against the original. How to read a 10-K
Other Lululemon Athletica annual reports
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.