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lululemon athletica LULU China Mainland — Operating Income (Loss)

Other segment segments

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$408.48M-30.7%
Rest of World
$69.42M-4.7%

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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$13.32B-52.9%
Enterprise value$13.94B-51.3%
P/E9.1×-6.5×
P/S1.2×-1.4×

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 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 — operating income (loss)?
lululemon athletica (LULU) reported china mainland — operating income (loss) of $203.07M in Q1 2026.
How has lululemon athletica's china mainland — operating income (loss) changed year-over-year?
lululemon athletica's china mainland — operating income (loss) increased by 32.2% year-over-year, from $153.64M to $203.07M.
What is the long-term trend for lululemon athletica's china mainland — operating income (loss)?
Over 2 years (2023 to 2025), lululemon athletica's china mainland — operating income (loss) has grown at a 44.2% compound annual growth rate (CAGR), from $337.32M to $701.12M.
What does china mainland — operating income (loss) mean?
This metric measures the profitability of the China Mainland segment by subtracting operating expenses from net revenue. It reflects the core operational performance and the ability of the regional business to generate profit from its primary activities.