Business
lululemon designs, distributes, and retails technical athletic apparel, footwear, and accessories through stores, ecommerce, apps, and regional marketplaces across 30 countries.
International growth is masking Americas softness and weaker cash conversion.
AnalystBook Intelligence · FY2025 10-K✓ Figures checked against SEC
- Growth — +15% revenue to $11.1B; Americas down 1%Note
- Profitability — $2.2B operating income; margin fell to 19.9%Watch
- Cash quality — $922M FCF, down 44%Watch
- Balance sheet — $8.5B assets vs $3.5B liabilities; cash not parsedNote
- Accounting — Distress-safe · M/EQ not computed · clean auditNote
- International — China +29%; Rest of World +16%OK
In the full briefFree for 14 days
- ✦ What changed🔒
- Insider signal🔒
- Growth quality🔒
- Margins & accounting🔒
- Capital allocation🔒
- Real risks🔒
- The long arc🔒
- ✦ Company history🔒
- Plus the full company record: source-linked financials, forensic signals, filings diffed — and Ana to question all of it.🔒
Every figure in the brief links to the filing paragraph it came from, and a brief whose figures don't match SEC data is rejected before publication.
14-day free trial, no credit card. For research purposes only; not investment advice. Based on the FY2025 10-K.