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lululemon athletica LULU China Mainland — Net revenue

Other geography segments

Other geographic areas
$320.59M+12.9%
Hong Kong SAR, Taiwan, and Macau SAR
$51.41M+16.6%

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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$14.04B-40.4%
Enterprise value$14.66B-38.7%
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemFirst Quarter / 2026First Quarter / 2025
Canada283,341292,820
Mexico24,66319,214
Americas1,621,2101,674,558
China Mainland478,395368,101
Hong Kong SAR, Taiwan, and Macau SAR51,40844,104
People's Republic of China529,803412,205
Other geographic areas320,590283,897
$2,471,603$2,370,660

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is lululemon athletica's china mainland — net revenue?
lululemon athletica (LULU) reported china mainland — net revenue of $478.4M in Q1 2026.
How has lululemon athletica's china mainland — net revenue changed year-over-year?
lululemon athletica's china mainland — net revenue increased by 30.0% year-over-year, from $368.1M to $478.4M.
What is the long-term trend for lululemon athletica's china mainland — net revenue?
Over 4 years (2021 to 2025), lululemon athletica's china mainland — net revenue has grown at a 41.8% compound annual growth rate (CAGR), from $434.26M to $1.75B.
What does china mainland — net revenue mean?
This metric represents the total sales generated by the China Mainland segment after accounting for returns, discounts, and allowances. It is the top-line measure of the company's market presence and consumer demand in the region. Growth in this metric is a primary indicator of the brand's success in capturing market share in China.

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