LULULululemon Athletica

Consumer discretionary · Apparel · Nasdaq

lululemon athletica inc. is principally a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories. 10-K, Item 1

Employees: 39,000
Headquarters: Vancouver, A1
CEO: Calvin McDonald
Next results: around Dec 10, 2026

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RevenueFY2016–25 $11.1B+4.9% Highest in 10 years 10-K FY2025 · XBRL Net incomeFY2016–25 $1.6B−13.0% FY2024: $1.8B 10-K FY2025 · XBRL Free cash flowFY2016–25 $921.7M−41.8% FY2024: $1.6B 10-K FY2025 · XBRL Operating marginFY2016–25 19.9%−3.8 pts 18.0% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Mar 17, 2026 against Mar 27, 2025

Area	What changed	Source
Risk factors	21 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +58.7% vs revenue +4.9% (+53.8 pts)	10-K · XBRL
Inventory growing faster than revenue	Inventory +17.9% vs revenue +4.9% (+13.1 pts)	10-K · XBRL
Accounting checks	9 other checks clear, 2 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	1 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Mar 17, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-03-27. Quoted as filed.

Our Chief Executive Officer stepped down effective January 31, 2026, and we appointed interim co-Chief Executive Officers to lead during a transition period while we conduct a search for a permanent Chief Executive Officer. In addition, we have had other recent changes at the senior executive level. These changes may create uncertainty…
10-K, Item 1A

All 21 new paragraphs →

Accounting checks

latest 10-K

9 of 11 clear 2 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +58.7% vs revenue +4.9% (+53.8 pts)
!
Inventory growing faster than revenueInventory +17.9% vs revenue +4.9% (+13.1 pts)
✓
Cash from operations $1.6B vs net income $1.6B (FY ending 2026-02-01)
✓
Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Inventory provision
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Oct 22, 20268-K Director or officer change, Regulation FD disclosure 8-K items 5.02, 7.01

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