2023 Q1 Form 10-K Financial Statement

#000139718723000012 Filed on March 28, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2023
Revenue $2.772B $8.111B
YoY Change 30.19% 29.63%
Cost Of Revenue $1.244B $3.618B
YoY Change 39.34% 36.64%
Gross Profit $1.528B $4.492B
YoY Change 23.58% 24.49%
Gross Profit Margin 55.11% 55.39%
Selling, General & Admin $803.1M $2.757B
YoY Change 25.1% 23.93%
% of Gross Profit 52.57% 61.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.16M $291.8M
YoY Change 29.04% 30.14%
% of Gross Profit 5.25% 6.5%
Operating Expenses $805.3M $2.757B
YoY Change 25.01% 23.93%
Operating Profit $722.3M $1.328B
YoY Change 22.01% -0.37%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $3.709M $4.163M
YoY Change 2007.39% 709.92%
Pretax Income $318.1M $1.333B
YoY Change -46.15% -0.1%
Income Tax $198.3M $477.8M
% Of Pretax Income 62.34% 35.85%
Net Earnings $119.8M $854.8M
YoY Change -72.43% -12.36%
Net Earnings / Revenue 4.32% 10.54%
Basic Earnings Per Share $6.70
Diluted Earnings Per Share $0.94 $6.68
COMMON SHARES
Basic Shares Outstanding 122.0M shares 127.7M shares
Diluted Shares Outstanding 128.0M shares

Balance Sheet

Concept 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.155B $1.155B
YoY Change -8.33% -8.33%
Cash & Equivalents $1.155B $1.155B
Short-Term Investments
Other Short-Term Assets $79.96M $424.3M
YoY Change 145.66% 36.22%
Inventory $1.447B $1.447B
Prepaid Expenses $142.0M
Receivables $132.9M $132.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $3.159B $3.159B
YoY Change 20.83% 20.83%
LONG-TERM ASSETS
Property, Plant & Equipment $1.270B $2.239B
YoY Change 36.85% 29.33%
Goodwill $24.14M
YoY Change -93.76%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $156.0M $162.4M
YoY Change 18.12% 17.55%
Total Long-Term Assets $2.448B $2.448B
YoY Change 5.15% 5.15%
TOTAL ASSETS
Total Short-Term Assets $3.159B $3.159B
Total Long-Term Assets $2.448B $2.448B
Total Assets $5.607B $5.607B
YoY Change 13.45% 13.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $172.7M $172.7M
YoY Change -40.38% -40.38%
Accrued Expenses $399.2M $774.2M
YoY Change 20.68% 16.59%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.492B $1.492B
YoY Change 6.18% 6.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.04M $911.0M
YoY Change 47.18% 22.48%
Total Long-Term Liabilities $20.04M $911.0M
YoY Change 47.18% 22.48%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.492B $1.492B
Total Long-Term Liabilities $20.04M $911.0M
Total Liabilities $2.458B $2.458B
YoY Change 11.61% 11.61%
SHAREHOLDERS EQUITY
Retained Earnings $2.926B
YoY Change 16.45%
Common Stock $475.3M
YoY Change 12.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.149B $3.149B
YoY Change
Total Liabilities & Shareholders Equity $5.607B $5.607B
YoY Change 13.45% 13.45%

Cashflow Statement

Concept 2023 Q1 2023
OPERATING ACTIVITIES
Net Income $119.8M $854.8M
YoY Change -72.43% -12.36%
Depreciation, Depletion And Amortization $80.16M $291.8M
YoY Change 29.04% 30.14%
Cash From Operating Activities $1.046B $966.5M
YoY Change 43.13% -30.43%
INVESTING ACTIVITIES
Capital Expenditures $207.0M $638.7M
YoY Change -262.32% 61.89%
Acquisitions $0.00
YoY Change
Other Investing Activities $23.91M -$20.92M
YoY Change 83.07% -309.16%
Cash From Investing Activities -$183.1M -$569.9M
YoY Change 59.96% 33.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $444.0M
YoY Change -45.36%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.06M -$467.5M
YoY Change -78.85% -44.68%
NET CHANGE
Cash From Operating Activities 1.046B $966.5M
Cash From Investing Activities -183.1M -$569.9M
Cash From Financing Activities -68.06M -$467.5M
Net Change In Cash 795.1M -$105.0M
YoY Change 169.77% -196.02%
FREE CASH FLOW
Cash From Operating Activities $1.046B $966.5M
Capital Expenditures $207.0M $638.7M
Free Cash Flow $839.3M $327.8M
YoY Change -2.24% -67.04%

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CY2023 lulu Net Revenue On Unredeemed Gift Card Balance
NetRevenueOnUnredeemedGiftCardBalance
23300000 usd
CY2022 lulu Net Revenue On Unredeemed Gift Card Balance
NetRevenueOnUnredeemedGiftCardBalance
18700000 usd
CY2021 lulu Net Revenue On Unredeemed Gift Card Balance
NetRevenueOnUnredeemedGiftCardBalance
13700000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
328600000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
297500000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
216000000 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Concentration of credit risk</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Accounts receivable are primarily from inventory duty receivables, wholesale accounts, and from license and supply arrangements. The Company generally does not require collateral to support the accounts receivable; however, in certain circumstances, the Company may require parties to provide payment for goods prior to delivery of the goods or to provide letters of credit. The accounts receivable are net of an allowance for doubtful accounts, which is established based on management's assessment of the credit risk of the underlying accounts.</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Cash and cash equivalents are held with high quality financial institutions. The amount of cash and cash equivalents held with certain financial institutions exceeds government-insured limits. The Company is also exposed to credit-related losses in the event of nonperformance by the counterparties to the forward currency contracts. The credit risk amount is the Company's unrealized gains on its derivative instruments, based on foreign currency rates at the time of nonperformance. The Company has not experienced any losses related to these items, and it believes credit risk to be minimal. The Company seeks to minimize its credit risk by entering into transactions with investment grade credit worthy and reputable financial institutions and by monitoring the credit standing of the financial institutions with whom it transacts. It seeks to limit the amount of exposure with any one counterparty. </span></div><div style="margin-top:9pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company's derivative contracts contain certain credit risk-related contingent features. Under certain circumstances, including an event of default, bankruptcy, termination, and cross default under the Company's North American revolving credit facility, the Company may be required to make immediate payment for outstanding liabilities under its derivative contracts.</span></div>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:9pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-top:5pt;text-indent:24.75pt"><span style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with GAAP in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported amounts of net revenue and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1571981000 usd
CY2022Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1004526000 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
124614000 usd
CY2022Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
38045000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
1447367000 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
966481000 usd
CY2023Q1 lulu Prepaid Inventory Current
PrepaidInventoryCurrent
1082000 usd
CY2022Q1 lulu Prepaid Inventory Current
PrepaidInventoryCurrent
42691000 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
140921000 usd
CY2022Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
98254000 usd
CY2023Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
16707000 usd
CY2022Q1 us-gaap Foreign Currency Contract Asset Fair Value Disclosure
ForeignCurrencyContractAssetFairValueDisclosure
19077000 usd
CY2023Q1 us-gaap Other Assets Current
OtherAssetsCurrent
79962000 usd
CY2022Q1 us-gaap Other Assets Current
OtherAssetsCurrent
32550000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
238672000 usd
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
192572000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2256912000 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1756844000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
987298000 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
829134000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1269614000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
927710000 usd
CY2022Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
35800000 usd
CY2021Q1 us-gaap Capitalized Computer Software Gross
CapitalizedComputerSoftwareGross
23500000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21961000 usd
CY2023 us-gaap Depreciation
Depreciation
282700000 usd
CY2022 us-gaap Depreciation
Depreciation
215300000 usd
CY2021 us-gaap Depreciation
Depreciation
180100000 usd
CY2021Q1 us-gaap Goodwill
Goodwill
386877000 usd
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
3000 usd
CY2022Q1 us-gaap Goodwill
Goodwill
386880000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
362492000 usd
CY2023 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-244000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
24144000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
85270000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
22724000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
40585000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21961000 usd
CY2023 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P2Y10M24D
CY2022Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
85270000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
13971000 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
71299000 usd
CY2022 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P10Y10M24D
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8800000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8800000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
40600000 usd
CY2021 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7515000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7515000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6931000 usd
CY2023Q1 lulu Cloud Computing Arrangement Deferred Implementation Costs
CloudComputingArrangementDeferredImplementationCosts
212400000 usd
CY2022Q1 lulu Cloud Computing Arrangement Deferred Implementation Costs
CloudComputingArrangementDeferredImplementationCosts
138400000 usd
CY2023Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
97700000 usd
CY2022Q1 us-gaap Capitalized Computer Software Accumulated Amortization
CapitalizedComputerSoftwareAccumulatedAmortization
49000000 usd
CY2023Q1 us-gaap Inventory Write Down
InventoryWriteDown
62928000 usd
CY2023Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
362492000 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
40585000 usd
CY2023Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
4836000 usd
CY2023Q1 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
407913000 usd
CY2023Q1 lulu Asset Impairment Charges Before Tax
AssetImpairmentChargesBeforeTax
470841000 usd
CY2023Q1 lulu Asset Impairment Charges Tax Effect
AssetImpairmentChargesTaxEffect
28171000 usd
CY2023Q1 lulu Asset Impairment Charges Net Of Tax
AssetImpairmentChargesNetOfTax
442670000 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
40600000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
62900000 usd
CY2022 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
41400000 usd
CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
29800000 usd
CY2023 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
0 usd
CY2023Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
114700000 usd
CY2022Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
89334000 usd
CY2023Q1 us-gaap Security Deposit
SecurityDeposit
28447000 usd
CY2022Q1 us-gaap Security Deposit
SecurityDeposit
24083000 usd
CY2023Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
12898000 usd
CY2022Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
18685000 usd
CY2023Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
156045000 usd
CY2022Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
132102000 usd
CY2023Q1 lulu Accrued Shipping Fees Current
AccruedShippingFeesCurrent
169429000 usd
CY2022Q1 lulu Accrued Shipping Fees Current
AccruedShippingFeesCurrent
116822000 usd
CY2023Q1 lulu Accrued Freight
AccruedFreight
57692000 usd
CY2022Q1 lulu Accrued Freight
AccruedFreight
71390000 usd
CY2023Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
55528000 usd
CY2022Q1 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
41690000 usd
CY2023Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
25625000 usd
CY2022Q1 us-gaap Foreign Currency Contracts Liability Fair Value Disclosure
ForeignCurrencyContractsLiabilityFairValueDisclosure
18985000 usd
CY2023Q1 lulu Accrued Duty
AccruedDuty
21046000 usd
CY2022Q1 lulu Accrued Duty
AccruedDuty
27182000 usd
CY2023Q1 lulu Accrued Capital Expenditures
AccruedCapitalExpenditures
19365000 usd
CY2022Q1 lulu Accrued Capital Expenditures
AccruedCapitalExpenditures
9616000 usd
CY2023Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
12223000 usd
CY2022Q1 us-gaap Accrued Rent Current
AccruedRentCurrent
11254000 usd
CY2023Q1 lulu Accrued Inventory Liabilities Current
AccruedInventoryLiabilitiesCurrent
4345000 usd
CY2022Q1 lulu Accrued Inventory Liabilities Current
AccruedInventoryLiabilitiesCurrent
4005000 usd
CY2023Q1 lulu Other Miscellaneous Accrued Liabilities
OtherMiscellaneousAccruedLiabilities
13787000 usd
CY2022Q1 lulu Other Miscellaneous Accrued Liabilities
OtherMiscellaneousAccruedLiabilities
16316000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
399223000 usd
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
330800000 usd
CY2023Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
6500000 usd
CY2023Q1 us-gaap Other Borrowings
OtherBorrowings
0 usd
CY2023Q1 us-gaap Ratio Of Indebtedness To Net Capital1
RatioOfIndebtednessToNetCapital1
3.25
CY2023Q1 lulu Interest Coverage Ratio
InterestCoverageRatio
2.00
CY2023Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
0 usd
CY2023 lulu Common Stock Special Voting Stock Votes
CommonStockSpecialVotingStockVotes
1 vote
CY2023 lulu Common Stock Exchangeable Shares Conversion Ratio
CommonStockExchangeableSharesConversionRatio
1
CY2023 lulu Common Stock Exchangeable Shares Maximum Share Conversion Threshold
CommonStockExchangeableSharesMaximumShareConversionThreshold
4200000 shares
CY2023 lulu Stock Options Granted Vesting Rate
StockOptionsGrantedVestingRate
0.25
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
77200000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
66400000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
56600000 usd
CY2023Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
118000000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y1M6D
CY2022Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
96700000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2023Q1 lulu Maximum Number Of Common Share Employee Is Eligible For Each Performance Unit
MaximumNumberOfCommonShareEmployeeIsEligibleForEachPerformanceUnit
2
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y9M
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y9M
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P3Y7M9D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.4000
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.3932
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.4001
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0251
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0050
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0032
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2023Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
866000 shares
CY2023Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
230.78
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P4Y2M12D
CY2023Q1 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
395000 shares
CY2023Q1 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice1
156.64
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P3Y1M6D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
81280000 usd
CY2023Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
61050000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
124.17
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
94.09
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
74.91
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
19906000 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
46761000 usd
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
37022000 usd
CY2023 lulu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsIntrinsicValue
96005000 usd
CY2022 lulu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsIntrinsicValue
153600000 usd
CY2021 lulu Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsIntrinsicValue
114621000 usd
CY2023 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
100000 shares
CY2023 lulu Defined Contribution Plan Employers Matching Contribution Vesting Period
DefinedContributionPlanEmployersMatchingContributionVestingPeriod
P2Y
CY2023 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
14000000 usd
CY2022 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
11800000 usd
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9200000 usd
CY2023Q1 us-gaap Derivative Assets
DerivativeAssets
16707000 usd
CY2023Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
25625000 usd
CY2022Q1 us-gaap Derivative Assets
DerivativeAssets
19077000 usd
CY2022Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
18985000 usd
CY2023Q1 lulu Derivative Asset Subject To Master Netting Arrangement
DerivativeAssetSubjectToMasterNettingArrangement
16700000 usd
CY2023Q1 lulu Derivative Liability Subject To Master Netting Arrangement
DerivativeLiabilitySubjectToMasterNettingArrangement
25600000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
245767000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
215549000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
193498000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
16790000 usd
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
12366000 usd
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
11721000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
114441000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
90852000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
60991000 usd
CY2023 us-gaap Lease Cost
LeaseCost
376998000 usd
CY2022 us-gaap Lease Cost
LeaseCost
318767000 usd
CY2021 us-gaap Lease Cost
LeaseCost
266210000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
238343000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
265787000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
197934000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
143603000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
117639000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
210718000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1174024000 usd
CY2023Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
103690000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1070334000 usd
CY2023Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
207972000 usd
CY2023Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
862362000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1070334000 usd
CY2023Q1 lulu Leases Operating Lease Lease Not Yet Commenced Amount
LeasesOperatingLeaseLeaseNotYetCommencedAmount
632000000 usd
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y7M20D
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CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022 us-gaap Current Federal Tax Expense Benefit
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CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2022 us-gaap Current State And Local Tax Expense Benefit
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CY2021 us-gaap Current State And Local Tax Expense Benefit
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CY2022 us-gaap Current Foreign Tax Expense Benefit
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CY2021 us-gaap Current Foreign Tax Expense Benefit
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CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2021 us-gaap Current Income Tax Expense Benefit
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CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2022 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2023Q1 lulu Asset Impairment Charges Tax Effect
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28171000 usd
CY2022 lulu Asset Impairment Charges Tax Effect
AssetImpairmentChargesTaxEffect
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CY2021 lulu Asset Impairment Charges Tax Effect
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CY2022Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2022 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2021 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
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CY2023 lulu Effective Income Tax Rate Reconciliation Acquisition Related Expenses
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CY2022 lulu Effective Income Tax Rate Reconciliation Acquisition Related Expenses
EffectiveIncomeTaxRateReconciliationAcquisitionRelatedExpenses
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CY2021 lulu Effective Income Tax Rate Reconciliation Acquisition Related Expenses
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CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2021 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.210
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2023 lulu Effective Income Tax Rate Reconciliation Excess Tax Benefits From Stock Based Compensation Percent
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CY2022 lulu Effective Income Tax Rate Reconciliation Excess Tax Benefits From Stock Based Compensation Percent
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CY2021 lulu Effective Income Tax Rate Reconciliation Excess Tax Benefits From Stock Based Compensation Percent
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CY2023 lulu Effective Income Tax Rate Reconciliation Impairment Of Goodwill And Other Assets And Gain On Disposal Of Assets Percent
EffectiveIncomeTaxRateReconciliationImpairmentOfGoodwillAndOtherAssetsAndGainOnDisposalOfAssetsPercent
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CY2022 lulu Effective Income Tax Rate Reconciliation Impairment Of Goodwill And Other Assets And Gain On Disposal Of Assets Percent
EffectiveIncomeTaxRateReconciliationImpairmentOfGoodwillAndOtherAssetsAndGainOnDisposalOfAssetsPercent
0
CY2021 lulu Effective Income Tax Rate Reconciliation Impairment Of Goodwill And Other Assets And Gain On Disposal Of Assets Percent
EffectiveIncomeTaxRateReconciliationImpairmentOfGoodwillAndOtherAssetsAndGainOnDisposalOfAssetsPercent
0
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CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2022 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2023Q1 lulu Deferred Tax Assets Lease Liabilities Noncurrent
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CY2022Q1 lulu Deferred Tax Assets Lease Liabilities Noncurrent
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CY2022Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2023Q1 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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CY2023Q1 lulu Deferred Tax Assets Unredeemed Gift Card Liability
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12877000 usd
CY2022Q1 lulu Deferred Tax Assets Unredeemed Gift Card Liability
DeferredTaxAssetsUnredeemedGiftCardLiability
9804000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
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1909000 usd
CY2022Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
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CY2022Q1 us-gaap Deferred Tax Assets Other
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CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2804000 usd
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CY2022Q1 us-gaap Deferred Tax Assets Net
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DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
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CY2023Q1 lulu Deferred Tax Liabilities Rightofuse Lease Assets
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192221000 usd
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154634000 usd
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CY2023Q1 us-gaap Deferred Income Tax Liabilities
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CY2022Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2022Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2023Q1 us-gaap Contractual Obligation
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CY2022 us-gaap Income Taxes Paid
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CashPaidForAmountsIncludedInMeasurementOfLeaseLiabilities
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CY2023Q1 us-gaap Inventory Write Down
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BusinessCombinationAcquisitionRelatedCosts
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CY2021 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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CY2023 us-gaap Gain Loss On Disposition Of Assets1
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CY2023 us-gaap Operating Income Loss
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1333869000 usd
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819350000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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394502000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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229226000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
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291791000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
224206000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
185478000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1269614000 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
927710000 usd
CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
8110518000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6256617000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4401879000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6256617000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4401879000 usd

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