Lululemon Athletica (LULU) FY2025 10-K Annual Report
Filed: Mar 27, 2025
Consumer Discretionary
Apparel & Other Finishd Prods of Fabrics & Similar MatlSEC EDGAR Lululemon Athletica (LULU) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 27, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Lululemon Athletica FY2025 10-K Analysis
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 revenue or YoY change figures provided in the excerpt
- • No profitability or margin figures disclosed in the excerpt
- • No segment performance data available 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
Lululemon Athletica FY2025 Key Financial MetricsXBRL
Revenue
$10.6B
▲ +10.1% YoY
Net Income
$1.8B
▲ +17.1% YoY
Gross Margin
59.2%
▲ +91bp YoY
Operating Margin
23.7%
▲ +149bp YoY
Net Margin
17.1%
▲ +102bp YoY
ROE
42.0%
▲ +534bp YoY
Total Assets
$7.6B
▲ +7.2% YoY
EPS (Diluted)
$14.64
▲ +20.0% YoY
Operating Cash Flow
$2.3B
▼ -1.0% YoY
Source: XBRL data from Lululemon Athletica FY2025 10-K filing on SEC EDGAR. All figures in USD.
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