Financials lululemon athletica Inc.

Equities

LULU

US5500211090

Apparel & Accessories

Market Closed - Nasdaq Other stock markets 01:30:00 12/07/2025 am IST			5-day change	1st Jan Change
236.51 ^USD	-0.84%		-4.51%	-38.15%

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Projected Income Statement: lululemon athletica Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	4,402	6,257	8,111	9,619	10,588	11,250	12,016	12,822
Change	-	42.14%	29.63%	18.6%	10.07%	6.25%	6.81%	6.71%
EBITDA ¹	1,035	1,599	2,081	2,610	2,952	2,977	3,096	3,374
Change	-	54.44%	30.14%	25.44%	13.1%	0.85%	3.98%	9%
EBIT ¹	849.8	1,375	1,789	2,231	2,506	2,470	2,579	2,678
Change	-	61.77%	30.14%	24.7%	12.32%	-1.41%	4.4%	3.84%
Interest Paid	-0.636	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	819.4	1,334	1,333	2,176	2,576	2,525	2,641	2,850
Change	-	62.8%	-0.1%	63.27%	18.4%	-1.98%	4.6%	7.91%
Net income ¹	588.9	975.3	854.8	1,550	1,815	1,763	1,838	1,923
Change	-	65.61%	-12.36%	81.35%	17.06%	-2.82%	4.25%	4.62%
Announcement Date	30/03/21	29/03/22	28/03/23	21/03/24	27/03/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: February	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	902.9	1,117	1,730	1,226	1,451	1,450	2,129	1,613	1,868	1,857	2,772	2,001	2,209	2,204	3,205	2,209	2,371	2,397	3,611	2,371	2,555	2,579	3,742	2,522	2,684	2,719	3,970
Change	-	23.75%	54.78%	-29.09%	18.28%	-0.01%	46.79%	-24.22%	15.8%	-0.61%	49.27%	-27.82%	10.41%	-0.22%	45.41%	-31.08%	7.34%	1.08%	50.69%	-34.36%	7.79%	0.94%	45.06%	-32.59%	6.42%	1.31%	46.01%
EBITDA ¹	176.5	262.5	518	244.3	352.8	340	654.1	324.8	-	431.6	865.4	485.5	573.3	510.6	1,017	528.4	643.8	604.3	1,176	553.2	607.9	627.9	1,203	558.4	654.3	668.7	1,253
Change	-	48.7%	97.34%	-52.83%	44.41%	-3.62%	92.37%	-50.34%	-	-	100.51%	-43.9%	18.07%	-10.93%	99.22%	-48.05%	21.84%	-6.14%	94.58%	-52.95%	9.89%	3.3%	91.61%	-53.59%	17.18%	2.21%	87.4%
EBIT ¹	135.9	213.5	465.7	193.8	299.2	282.1	592	260.3	391	352.4	785.3	401.4	479.3	412.6	913.9	432.6	540.2	490.7	1,042	438.6	487.7	499.4	1,048	432.5	499.1	501.7	1,073
Change	-	57.1%	118.18%	-58.38%	54.36%	-5.72%	109.88%	-56.02%	50.19%	-9.87%	122.82%	-48.88%	19.39%	-13.91%	121.49%	-52.66%	24.87%	-9.17%	112.4%	-57.91%	11.19%	2.41%	109.83%	-58.73%	15.4%	0.52%	113.95%
Charge d'intérêts	-	-0.58	-0.886	0.227	-	0.015	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	124.1	204.3	457	194	291.1	258	590.7	260.3	401.4	352.8	318.1	409.4	486.6	348	931.7	455.9	558.2	504.4	1,058	450.4	502.2	516.6	1,070	442.5	500.3	494.6	1,050
Change	-	64.7%	123.66%	-57.54%	50.03%	-11.39%	129%	-55.93%	54.17%	-12.11%	-9.81%	28.7%	18.85%	-28.49%	167.77%	-51.07%	22.44%	-9.64%	109.66%	-57.41%	11.49%	2.88%	107.04%	-58.63%	13.06%	-1.13%	112.37%
Net income ¹	86.8	143.6	329.8	145	208.1	187.8	434.5	190	289.5	255.5	119.8	290.4	341.6	248.7	669.5	321.4	392.9	351.9	748.4	314.6	351.9	360.9	749.8	309	352.6	347.7	744.8
Change	-	65.49%	129.62%	-56.05%	43.54%	-9.75%	131.38%	-56.27%	52.38%	-11.76%	-53.1%	142.39%	17.63%	-27.19%	169.17%	-51.99%	22.25%	-10.45%	112.69%	-57.97%	11.86%	2.56%	107.78%	-58.78%	14.1%	-1.4%	114.22%
Announcement Date	08/09/20	10/12/20	30/03/21	03/06/21	08/09/21	09/12/21	29/03/22	02/06/22	01/09/22	08/12/22	28/03/23	01/06/23	31/08/23	07/12/23	21/03/24	05/06/24	29/08/24	05/12/24	27/03/25	05/06/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: lululemon athletica Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-1,151	-1,260	-1,155	-2,244	-1,984	-2,338	-3,126	-3,716
Change	-	-9.47%	8.33%	-94.29%	11.59%	-17.82%	-33.7%	-18.87%
Announcement Date	30/03/21	29/03/22	28/03/23	21/03/24	27/03/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: lululemon athletica Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	229.2	394.5	638.7	651.9	689.2	755.5	809.3	847.3
Change	-	72.1%	61.89%	2.07%	5.73%	9.61%	7.12%	4.7%
Free Cash Flow (FCF) ¹	574.1	994.6	327.8	1,644	1,583	1,275	1,554	1,595
Change	-	73.24%	-67.04%	401.61%	-3.7%	-19.47%	21.86%	2.63%
Announcement Date	30/03/21	29/03/22	28/03/23	21/03/24	27/03/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: lululemon athletica Inc.

Fiscal Period: February	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	23.52%	25.56%	25.66%	27.14%	27.88%	26.46%	25.76%	26.32%
EBIT Margin (%)	19.31%	21.97%	22.06%	23.19%	23.67%	21.96%	21.46%	20.89%
EBT Margin (%)	18.61%	21.32%	16.43%	22.62%	24.33%	22.45%	21.98%	22.23%
Net margin (%)	13.38%	15.59%	10.54%	16.12%	17.14%	15.68%	15.3%	15%
FCF margin (%)	13.04%	15.9%	4.04%	17.09%	14.96%	11.33%	12.93%	12.44%
FCF / Net Income (%)	97.49%	101.98%	38.35%	106.07%	87.26%	72.31%	84.53%	82.92%
Profitability
ROA	15.77%	21.37%	24.44%	25.55%	24.7%	21.9%	21.41%	22.17%
ROE	26.11%	36.81%	43.78%	43.96%	42.42%	37.32%	33.31%	30.61%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	5.21%	6.31%	7.87%	6.78%	6.51%	6.72%	6.74%	6.61%
CAPEX / EBITDA (%)	22.14%	24.67%	30.69%	24.97%	23.35%	25.38%	26.14%	25.11%
CAPEX / FCF (%)	39.93%	39.66%	194.83%	39.64%	43.53%	59.25%	52.08%	53.13%
Items per share
Cash flow per share ¹	6.138	10.66	7.55	18.07	18.34	17.72	20.71	19.7
Change	-	73.68%	-29.19%	139.37%	1.47%	-3.4%	16.88%	-4.88%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	18.87	21.12	24.66	33.4	34.89	44.2	54.99	66.18
Change	-	11.87%	16.81%	35.4%	4.47%	26.69%	24.41%	20.35%
EPS ¹	4.5	7.49	6.68	12.2	14.64	14.7	15.64	16.55
Change	-	66.44%	-10.81%	82.63%	20%	0.41%	6.4%	5.83%
Nbr of stocks (in thousands)	1,30,338	1,29,294	1,27,515	1,26,191	1,21,397	1,19,684	1,19,684	1,19,684
Announcement Date	30/03/21	29/03/22	28/03/23	21/03/24	27/03/25	-	-	-