Lululemon Athletica Inc. (LULU)
Gross profit margin
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Feb 2, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,609,400 | 4,492,340 | 3,608,560 | 2,463,990 | 2,223,390 |
| Revenue | US$ in thousands | 9,586,750 | 8,149,170 | 6,241,430 | 4,397,390 | 3,981,220 |
| Gross profit margin | 58.51% | 55.13% | 57.82% | 56.03% | 55.85% |
January 28, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,609,400K ÷ $9,586,750K
= 58.51%
The gross profit margin of Lululemon Athletica Inc. has shown a generally increasing trend over the past five years, ranging from 55.85% in February 2020 to 58.51% in January 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of sales being retained as gross profit. The consistent improvement in gross profit margin reflects the company's ability to generate revenue efficiently and control production costs. Overall, the upward trend in the gross profit margin suggests positive performance in Lululemon's core operations.
Peer comparison
Jan 28, 2024