Lululemon Athletica Inc. (LULU)

Operating profit margin

		Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Operating income	US$ in thousands	2,132,680	1,328,410	1,333,360	819,986	889,110
Revenue	US$ in thousands	9,586,750	8,149,170	6,241,430	4,397,390	3,981,220
Operating profit margin		22.25%	16.30%	21.36%	18.65%	22.33%

January 28, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $2,132,680K ÷ $9,586,750K
= 22.25%

The operating profit margin of Lululemon Athletica Inc. has exhibited some variability over the past five years. In the most recent fiscal year, ending on January 28, 2024, the operating profit margin was 22.25%, reflecting an increase compared to the prior year's figure of 16.30% on January 29, 2023. This improvement suggests that the company was able to more efficiently convert its revenue into operating profits in the most recent fiscal year.

Looking back further, we can see that the operating profit margin was also relatively strong in the fiscal year ending on January 30, 2022, at 21.36%. The margin dipped slightly in the fiscal year ending on January 31, 2021, to 18.65% before rebounding to 22.33% in the fiscal year ending on February 2, 2020.

Overall, Lululemon Athletica Inc.'s operating profit margin has generally been healthy over the past five years, indicating effective cost management and operational efficiency. The recent increase in the operating profit margin suggests improvements in profitability and operational performance. This trend may be seen as a positive indicator of the company's ability to generate profits from its core business operations.