Lululemon Athletica (LULU) FY2026 10-K Annual Report
Filed: Mar 17, 2026
Consumer Discretionary
Apparel & Other Finishd Prods of Fabrics & Similar MatlSEC EDGAR Lululemon Athletica (LULU) 10-K annual report for fiscal year 2026, filed with SEC EDGAR on Mar 17, 2026. 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 FY2026 10-K Analysis
Business Overview
- • Designer/retailer of technical athletic apparel via vertical retail omni-channel model across 30 countries, ~700+ company-operated stores
- • China Mainland standout: revenue +28.9% YoY to $1.75B, now 16% of total; most new store openings planned there in 2026
Management Discussion & Analysis
- • Revenue $11.1B, up 5% YoY ($514M increase); international +22%, Americas -1%; China Mainland +29%
- • Operating margin 19.9% vs 23.7%; gross margin 56.6% vs 59.2%; tariffs/de minimis removal cost ~$275M gross profit
Risk Factors
- • Taiwan fabric concentration: ~34% of fabric sourced from Taiwan; military conflict or trade disruption could critically impair materials supply
- • CEO vacancy since Jan 31, 2026; interim co-CEOs installed during permanent search, creating leadership uncertainty and stakeholder concern
Lululemon Athletica FY2026 Key Financial MetricsXBRL
Revenue
$11.1B
▲ +4.9% YoY
Net Income
$1.6B
▼ -13.0% YoY
Gross Margin
56.6%
▼ -262bp YoY
Operating Margin
19.9%
▼ -375bp YoY
Net Margin
14.2%
▼ -291bp YoY
ROE
31.8%
▼ -1014bp YoY
Total Assets
$8.5B
▲ +11.2% YoY
EPS (Diluted)
$13.26
▼ -9.4% YoY
Operating Cash Flow
$1.6B
▼ -29.5% YoY
Source: XBRL data from Lululemon Athletica FY2026 10-K filing on SEC EDGAR. All figures in USD.
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