Product costs — Cost of goods sold
lululemon athletica Product costs — Cost of goods sold increased by 59.1% to $1.26B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 18.6%, from $1.07B to $1.26B. Over 3 years (FY 2022 to FY 2025), Product costs — Cost of goods sold shows an upward trend with a 8.7% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue may signal rising manufacturing costs, supply chain inefficiencies, or unfavorable product mix shifts, while a decrease suggests improved production margins or lower input costs.
Detailed definition
This metric represents the direct costs attributable to the production and procurement of the company's athletic apparel...
Peer comparison
This is a standard cost of revenue metric comparable to other apparel and retail companies, though it is highly sensitive to the company's specific sourcing strategy and vertical integration level.
lulu_segment_product_costs_cost_of_goods_soldHistorical Data
| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $667.33M | $667.33M | $667.33M | $667.33M | $716.35M | $716.35M | $716.35M | $716.35M | $631.04M | $656.30M | $672.25M | $1.07B | $652.90M | $716.14M | $794.61M | $1.26B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +7.3% | +0.0% | +0.0% | +0.0% | -11.9% | +4.0% | +2.4% | +58.5% | -38.7% | +9.7% | +11.0% | +59.1% |
| YoY Change | — | — | — | — | +7.3% | +7.3% | +7.3% | +7.3% | -11.9% | -8.4% | -6.2% | +48.8% | +3.5% | +9.1% | +18.2% | +18.6% |
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Frequently Asked Questions
- What is lululemon athletica's product costs — cost of goods sold?
- lululemon athletica (LULU) reported product costs — cost of goods sold of $1.26B in Q4 2025.
- How has lululemon athletica's product costs — cost of goods sold changed year-over-year?
- lululemon athletica's product costs — cost of goods sold increased by 18.6% year-over-year, from $1.07B to $1.26B.
- What is the long-term trend for lululemon athletica's product costs — cost of goods sold?
- Over 3 years (2022 to 2025), lululemon athletica's product costs — cost of goods sold has grown at a 8.7% compound annual growth rate (CAGR), from $2.67B to $3.43B.
- What does product costs — cost of goods sold mean?
- The total direct expenses incurred to manufacture and acquire the inventory sold to customers.