Lululemon Athletica Inc. LULU

Revenue Intelligence Report • 65 quarters of SEC filing data • Updated 2026-03-06

Lululemon Athletica Inc. continues to demonstrate strong revenue generation, with the latest quarterly revenue reaching $2.566 billion. The company's strategic investment in selling, general, and administrative (SG&A) expenses shows a robust return on investment, as each dollar spent generates approximately $2.58 in long-run revenue. Despite a slight miss in the holdout test, the overall model accuracy remains solid at 3.4% MAPE. Looking ahead, the fiscal year forecast anticipates a revenue increase to $12 billion, reflecting a healthy 4.6% year-over-year growth outlook.

Next FY Revenue

$11.58B

+4.6% YoY

SG&A Multiplier

$2.58 per $1

Model Accuracy

3.4% MAPE

Holdout validation: The model predicted $3B vs the actual $3B — an error of 4.9%.

Note: Lululemon Athletica Inc. does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

Quarterly Detail

Quarter	Model Forecast	Actual	95% Range	YoY Growth	Status
Q4 2025	$3B	$3B	$3B – $3B	+12.4%	✗ Outside range
Q1 2026	$3B		$3B – $3B	-11.8%
Q2 2026	$3B		$3B – $3B	+17.2%
Q3 2026	$3B		$3B – $3B	+10.5%
Q4 2026	$3B		$3B – $3B	+10.3%

How Spending Drives Revenue

Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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