Filing Flows › lululemon athletica (LULU) › Q1 FY27 › vs Q1 FY26
lululemon athletica (LULU) Q1 FY27 vs Q1 FY26 (year over year)
lululemon athletica's revenue rose $101M (+4%) from $2.4B in Q1 FY26 to $2.5B in Q1 FY27. The biggest changes: Women's apparel +$67.8M (+4%); Men's apparel +$37.1M (+7%); Accessories and other categories −$4.0M (-1%). Gross margin 54.2% against 58.3% (-4.2 pts).
lululemon athletica, Q1 FY27: revenue $2.5B (+4% year over year), operating margin 11.2%, net earnings $195M, operating cash flow $214M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 54.2% | 58.3% | -4.2 pts |
| Operating margin | 11.2% | 18.5% | -7.3 pts |
| Net margin | 7.9% | 13.3% | -5.4 pts |
| Free cash flow margin | 3.5% | -11.4% | +15.0 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Women's apparel | $1.6B | $1.5B | $67.8M | +4% |
| Men's apparel | $582M | $545M | $37.1M | +7% |
| Accessories and other categories | $287M | $291M | −$4.0M | -1% |
| Revenue | $2.5B | $2.4B | $101M | +4% |
| Gross profit | $1.3B | $1.4B | −$44.3M | -3% |
| Cost of revenue | $1.1B | $988M | $145M | +15% |
| Other income, net | $9.1M | $11.8M | −$2.7M | -23% |
| Operating profit | $277M | $439M | −$162M | -37% |
| Operating expenses | $1.1B | $945M | $117M | +12% |
| Pre-tax earnings | $286M | $450M | −$164M | -36% |
| Net earnings | $195M | $315M | −$120M | -38% |
| Income tax | $91.0M | $136M | −$44.8M | -33% |
| Depreciation & amortization | $135M | $115M | $20.8M | +18% |
| Share-based compensation | $29.2M | $23.1M | $6.1M | +26% |
| Working capital & other | $145M | $571M | −$426M | -75% |
| Operating cash flow | $214M | −$119M | $333M | — |
| Free cash flow (OCF − capex) | $87.1M | −$271M | $358M | — |
| Capital expenditures | $127M | $152M | −$24.9M | -16% |
Questions
How much did lululemon athletica's revenue grow year over year in Q1 FY27?
lululemon athletica's revenue rose $101M (+4%) from $2.4B in Q1 FY26 to $2.5B in Q1 FY27.
What drove lululemon athletica's revenue change in Q1 FY27?
Women's apparel +$67.8M (+4%); Men's apparel +$37.1M (+7%); Accessories and other categories −$4.0M (-1%).