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lululemon athletica LULU Americas — Operating Income (Loss)

Other segment segments

China Mainland
$221.98M
Rest of World
$69.42M-4.7%

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$27.78M+14.7%

Other financials

Income statement

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Revenue$2.5B+4.3%
Gross profit$1.3B-3.2%
Operating income$276.9M-36.9%
Net income$195.0M-38.0%
EPS (diluted)$1.69-35.0%

Balance sheet

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Cash & equivalents$1.5B+14.3%
Total debt$2.1B+25.1%
Total equity$4.8B+12.5%
Total assets$8.5B+14.8%

Cash flow

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Operating cash flow$214.4M+280%
CapEx$127.4M-16.3%
Free cash flow$87.1M+132%

Valuation

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Market cap$13.97B-40.4%
Enterprise value$14.59B-38.8%
P/E9.6×-3.4×
P/S1.3×-0.9×

Profitability

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Gross margin55.7%-3.6pp
Operating margin18.3%-5.1pp
Net margin13%-3.8pp
FCF margin12.2%-5.4pp

Returns & leverage

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Return on equity32%-10.5pp
Debt / equity0.4×0.0×
Current ratio2.2×-0.1×

Where this comes from

Reported directly by lululemon athletica in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: lululemon athletica’s 10-Q, filed June 4, 2026.

Filed
Jun 4, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001397187-26-000078
Line itemAmericasChina MainlandRest of WorldTotal SegmentsCorporate(1)Total
Other cost of sales(2)183,97263,55672,009319,53766,803386,340
Selling, general and administrative expenses483,199111,212130,238724,649335,3391,059,988
Amortization of intangible assets1,8841,884
Income from operations$408,480$203,069$69,423$680,972$(404,026)$276,946
Other income (expense), net9,131
Income before income tax expense$286,077
Supplemental information:
Depreciation and amortization(3)$62,254$11,990$10,538$84,782$50,553$135,335

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is lululemon athletica's americas — operating income (loss)?
lululemon athletica (LULU) reported americas — operating income (loss) of $408.48M in Q1 2026.
How has lululemon athletica's americas — operating income (loss) changed year-over-year?
lululemon athletica's americas — operating income (loss) decreased by 30.7% year-over-year, from $589.33M to $408.48M.
What is the long-term trend for lululemon athletica's americas — operating income (loss)?
Over 3 years (2022 to 2025), lululemon athletica's americas — operating income (loss) has grown at a 0.8% compound annual growth rate (CAGR), from $2.5B to $2.56B.
What does americas — operating income (loss) mean?
This represents the profit generated by the Americas segment after deducting operating expenses from net revenue. It serves as a primary indicator of the core profitability and operational health of the regional business unit. It excludes non-operating items like interest and taxes, focusing purely on the performance of the retail and distribution operations.

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