Lululemon Athletica Inc. (LULU)

Gross profit margin

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019
Gross profit (ttm)	US$ in thousands	5,609,390	5,233,590	5,015,780	4,772,750	4,492,343	4,200,893	3,991,436	3,778,642	3,608,563	3,385,123	3,183,084	2,829,899	2,463,987	2,262,083	2,139,773	2,136,068	2,223,386	2,081,143	1,982,876	1,893,274
Revenue (ttm)	US$ in thousands	9,616,970	9,206,170	8,858,840	8,518,010	8,140,340	7,493,410	7,086,940	6,669,230	6,250,340	5,821,210	5,488,220	4,940,542	4,393,223	4,074,043	3,872,751	3,853,161	3,977,845	3,749,265	3,580,782	3,420,930
Gross profit margin		58.33%	56.85%	56.62%	56.03%	55.19%	56.06%	56.32%	56.66%	57.73%	58.15%	58.00%	57.28%	56.09%	55.52%	55.25%	55.44%	55.89%	55.51%	55.38%	55.34%

January 28, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,609,390K ÷ $9,616,970K
= 58.33%

Lululemon Athletica Inc.'s gross profit margin has displayed a relatively stable trend over the past several quarters. The margin has generally been healthy, ranging from a low of 55.19% to a high of 58.33%. There seems to be a consistent effort to maintain a gross profit margin above 55%, indicating the company's ability to efficiently manage its production and distribution costs relative to its revenue.

The highest gross profit margin of 58.33% was recorded in the most recent quarter (January 28, 2024), which suggests potential improvements in cost management or pricing strategies. It is also noteworthy that the margin has not fallen below 55%, indicating that Lululemon Athletica has been able to consistently generate a significant margin on its products.

Overall, the stable and relatively high gross profit margin for Lululemon Athletica Inc. reflects positively on the company's operational efficiency and ability to control costs in the production and sale of its athletic apparel and accessories.