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lululemon athletica LULU China Mainland — Net revenue

Other segment segments

Americas
$1.62B-3.2%
Rest of World
$372M+13.4%

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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$13.33B-53.4%
Enterprise value$13.95B-51.8%
P/E9.1×-6.7×
P/S1.2×-1.5×

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 official record: lululemon athletica’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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 2 years (2023 to 2025), lululemon athletica's china mainland — net revenue has grown at a 34.9% compound annual growth rate (CAGR), from $963.76M to $1.75B.
What does china mainland — net revenue mean?
This metric represents the total gross sales generated from products sold within the China Mainland geographic market, net of returns, discounts, and allowances. It serves as a primary indicator of brand penetration, consumer demand, and market share growth within this specific region.