Lululemon Athletica (LULU) Gross Margin (2009 - 2026)
Lululemon Athletica (LULU) posted quarterly Gross Margin of 54.87% for Q1 2026, down 554.0% year-over-year from 12.09% in Q1 2025, and down 1.25% quarter-over-quarter from 55.57% in Q4 2025.
Lululemon Athletica (LULU) Gross Margin (2009 - 2026) Analysis & Trends
Lululemon Athletica's Gross Margin history runs 18 years deep, the most recent figure standing at 54.87% for Q1 2026.
- In Q1 2026, Gross Margin fell 554.0% year-over-year to 54.87%; the TTM figure through Feb 2026 stood at 56.6% (down 262.0% YoY), while the FY2026 annual figure was 56.6%, down 262.0% from the prior year.
- Gross Margin for Q1 2026 stood at 54.87%, down from 55.57% in the prior quarter.
- The five-year high for Gross Margin was 60.42% in Q1 2025, with the low at 53.95% in Q2 2022.
- The 5-year median for Gross Margin is 57.72% (2024), against an average of 57.4%.
- The sharpest annual moves came in 2024 and 2026: Gross Margin jumped 428 bps in 2024, then tumbled 554 bps in 2026.
- Lululemon Athletica's Gross Margin stood at 55.95% in 2022, then rose by 2 bps to 57.01% in 2023, then grew by 3 bps to 58.48% in 2024, then dropped by 5 bps to 55.57% in 2025, then declined by 1 bps to 54.87% in 2026.
- Business Quant data shows LULU's Gross Margin at 54.87% in Q1 2026, 55.57% in Q4 2025, and 58.5% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tjx Companies | 155.48 Bn | 149.90 Bn | 4.48 Bn | 31.28% |
| 2 | Ross Stores | 76.36 Bn | 72.23 Bn | 1.78 Bn | 29.61% |
| 3 | Burlington Stores | 20.56 Bn | 19.81 Bn | 1.26 Bn | 44.17% |
| 4 | Lululemon Athletica | 13.95 Bn | 12.43 Bn | 1.34 Bn | 54.17% |
| 5 | Gap | 7.26 Bn | 4.70 Bn | 1.42 Bn | 40.52% |
| 6 | Victoria's Secret | 6.93 Bn | 6.72 Bn | 585.00 Mn | 37.50% |
| 7 | Urban Outfitters | 6.49 Bn | 6.08 Bn | 542.57 Mn | 36.63% |
| 8 | Boot Barn Holdings | 5.02 Bn | 4.88 Bn | - | - |
| 9 | Abercrombie & Fitch | 4.89 Bn | 4.27 Bn | 682.63 Mn | 61.29% |
| 10 | American Eagle Outfitters | 2.71 Bn | 2.61 Bn | 456.17 Mn | 38.16% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 3, 2026 | 54.17% |
| Feb 1, 2026 | 54.87% |
| Nov 2, 2025 | 55.57% |
| Aug 3, 2025 | 58.50% |
| May 4, 2025 | 58.34% |
| Feb 2, 2025 | 60.42% |
| Oct 27, 2024 | 58.48% |
| Jul 28, 2024 | 59.56% |
| Apr 28, 2024 | 57.72% |
| Jan 28, 2024 | 59.39% |
| Oct 29, 2023 | 57.01% |
| Jul 30, 2023 | 58.78% |
| Apr 30, 2023 | 57.52% |
| Jan 29, 2023 | 55.11% |
| Oct 30, 2022 | 55.95% |
| Jul 31, 2022 | 56.49% |
| May 1, 2022 | 53.95% |
| Jan 30, 2022 | 58.06% |
| Oct 31, 2021 | 57.18% |
| Aug 1, 2021 | 58.09% |