Lululemon Athletica Inc. (LULU)

Pretax margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Jan 28, 2024	Oct 31, 2023	Oct 29, 2023	Jul 31, 2023	Jul 30, 2023	Apr 30, 2023	Jan 31, 2023	Jan 29, 2023	Oct 31, 2022	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Apr 30, 2022	Jan 31, 2022	Jan 30, 2022
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,576,079	2,450,269	2,877,585	2,667,322	2,559,354	2,114,253	1,669,152	1,730,634	1,700,812	1,532,328	1,398,467	1,341,786	1,425,004	1,367,194	1,274,761	1,512,735	1,702,114	1,699,751	1,730,553	1,430,948
Revenue (ttm)	US$ in thousands	10,588,130	10,181,730	10,987,150	10,820,290	10,815,620	9,819,680	8,826,760	8,623,330	9,190,950	9,773,070	9,420,800	9,276,900	8,373,390	7,205,950	6,962,520	7,234,740	7,510,760	7,337,340	7,174,500	6,496,010
Pretax margin		24.33%	24.07%	26.19%	24.65%	23.66%	21.53%	18.91%	20.07%	18.51%	15.68%	14.84%	14.46%	17.02%	18.97%	18.31%	20.91%	22.66%	23.17%	24.12%	22.03%

January 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,576,079K ÷ $10,588,130K
= 24.33%

Lululemon Athletica Inc.'s pretax margin has shown fluctuating trends over the specified periods. Starting from January 30, 2022, the pretax margin stood at 22.03%, showing a slight increase to 24.12% by January 31, 2022. Subsequently, there was a minor decrease to 23.17% by April 30, 2022, followed by a further decrease to 22.66% by May 1, 2022.

The trend continued with a more noticeable decrease to 20.91% by July 31, 2022, and a significant decline to 18.31% by October 30, 2022. There was a slight recovery to 18.97% by October 31, 2022, which saw a subsequent drop to 17.02% by January 29, 2023.

However, by January 31, 2023, there was a notable decrease to 14.46% in the pretax margin. The trend reversed towards a positive direction with a slight increase to 14.84% by April 30, 2023, and a further rise to 15.68% by July 30, 2023. The trend peaked at 26.19% by July 31, 2024, then slightly decreased to 24.07% by October 31, 2024.

By January 31, 2025, the pretax margin stood at 24.33%. Overall, the pretax margin of Lululemon Athletica Inc. has shown variability over the given periods, likely impacted by factors such as operational efficiency, cost management, and changes in revenue generation strategies.