Lululemon Athletica Inc. (LULU)

Operating 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
Operating income (ttm)	US$ in thousands	2,132,676	1,533,212	1,547,524	1,469,475	1,328,408	1,604,538	1,510,058	1,399,881	1,333,355	1,200,705	1,147,678	981,056	819,986	778,567	749,476	793,049	889,110	804,043	764,117	730,343
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
Operating profit margin		22.18%	16.65%	17.47%	17.25%	16.32%	21.41%	21.31%	20.99%	21.33%	20.63%	20.91%	19.86%	18.66%	19.11%	19.35%	20.58%	22.35%	21.45%	21.34%	21.35%

January 28, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,132,676K ÷ $9,616,970K
= 22.18%

The operating profit margin of Lululemon Athletica Inc. has shown consistent performance over the last few quarters. The operating profit margin measures the percentage of revenue that remains as operating profit after deducting operating expenses.

From the data provided, we observe that the operating profit margin has ranged from a low of 16.32% to a high of 22.35% over the past 20 quarters. The company has maintained a relatively stable operating profit margin, indicating efficient cost management and strong revenue generation capabilities.

In recent quarters, Lululemon has demonstrated resilience with operating profit margins consistently above 20%, reflecting its ability to efficiently convert revenue into profits. Investors and analysts often view a high and stable operating profit margin as a positive indicator of a company's operational efficiency and profitability.

Overall, the consistent performance of Lululemon Athletica Inc. in maintaining a healthy operating profit margin underscores the company's strong operational execution and competitiveness in the athleisure industry.