lululemon athletica inc（LULU）の決算・業績分析
lululemon athletica incの2024年有価証券報告書をAI分析。売上高$10.6B(+10.1%)。営業利益$2.5B。Consumer Discretionary。
目次
lululemon athletica incの2024年度 業績サマリー
lululemon athletica inc（証券コード: LULU）の2024年度決算・業績分析。売上高は$10.6B（前年比+10.1%）。営業利益は$2.5B（前年比+17.5%）。純利益は$1.8B（前年比+17.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
lululemon athletica incの2024年度 注目ポイント
- Revenue surged to $8.1B (+29.6% YoY), driven by regional expansion and product innovation (XBRL).
- Net income declined 12.4% YoY to $855M, despite strong revenue growth (XBRL).
- ROE of 31.2% reflects robust shareholder returns, supported by $444M in share repurchases (XBRL).
- CapEx of $639M (7.9% of revenue) underscores investment in growth, yielding $328M free cash flow (XBRL).
lululemon athletica incの売上高変化の要因
- •Revenue grew 29.6% YoY to $8.1B, driven by 12% growth in Americas, 67% in China Mainland, and 43% in Rest of World (10-K). Product categories grew: women’s +17%, men’s +15%, and other categories +36%. Expansion of 56 new stores and 17% e-commerce growth also contributed (10-K). Segment-specific revenue figures are not disclosed in XBRL data (XBRL).
lululemon athletica incの営業利益変化の要因
- •Gross profit was $4.5B (55.4% margin), while operating income declined 0.4% YoY to $1.3B (XBRL). Net income fell 12.4% YoY to $855M. Margins remained stable: gross (55.4%), operating (16.4%), and net (10.5%) (XBRL). Factors affecting operating income are not quantified in XBRL data (XBRL).
lululemon athletica incの事業リスクと対応
Brand reputation depends on marketing, product quality, and social media; damage could harm financials (10-K).
Shifts in consumer preferences or distribution channels may disrupt omni-channel strategy (10-K).
Product defects or recalls could harm revenue, reputation, and lead to liability claims (10-K).
Intense competition in technical athletic apparel may reduce market share and profitability (10-K).
lululemon Studio's hardware/software risks include defects causing safety issues, litigation, and reputational harm (10-K).
lululemon athletica incの今後の見通し・業績予想
lululemon athletica incの事業内容
lululemon is a designer, distributor, and retailer of technical athletic apparel, footwear, and accessories, generating $8.1B in FY2024 revenue (XBRL). Key products include performance apparel (64% of revenue), footwear, and accessories (10-K). Segments are Americas, China Mainland, and Rest of World, with women’s products driving 64% of sales. Competitive advantages include vertical retail strategy, brand culture, and product innovation (10-K).
lululemon athletica incのAI業績分析レポート（2024年度）
lululemon athletica inc. (LULU) FY2024 Annual Report Analysis
Highlights
Business Overview
lululemon designs, distributes, and retails technical athletic apparel, footwear, and accessories, generating $8.1B in FY2024 revenue (XBRL). Women’s products account for 64% of revenue, with segments including Americas, China Mainland, and Rest of World. Competitive advantages include vertical retail strategy and brand culture (10-K).
Revenue Analysis
Revenue grew 29.6% YoY to $8.1B, driven by 12% growth in Americas, 67% in China Mainland, and 43% in Rest of World (10-K). Product categories grew: women’s +17%, men’s +15%, and other categories +36%. Expansion of 56 new stores and 17% e-commerce growth also contributed (10-K). Segment-specific revenue figures are not disclosed in XBRL data (XBRL).
Profitability Analysis
Gross profit was $4.5B (55.4% margin), while operating income declined 0.4% YoY to $1.3B (XBRL). Net income fell 12.4% YoY to $855M. Margins remained stable: gross (55.4%), operating (16.4%), and net (10.5%) (XBRL). Factors affecting operating income are not quantified in XBRL data (XBRL).
Balance Sheet Analysis
Equity ratio was 38.6%, with debt-to-equity at 1.04x (XBRL). Current ratio of 2.49x indicates strong liquidity. ROE of 31.2%, ROA of 12.1%, and ROIC of 19.2% reflect efficient capital use (XBRL). Liquidity position (cash, credit facilities) is not quantified in XBRL data (XBRL).
Cash Flow Analysis
Operating cash flow was $966M, with $328M free cash flow after $639M CapEx (XBRL). $444M was returned to shareholders via share repurchases (XBRL). No dividends were mentioned in XBRL data (XBRL).
Working Capital Analysis
N/A — receivables, inventory, and payables days are not quantified in XBRL data (XBRL).
Risks
Outlook
Management referenced the Power of Three ×2 growth plan but did not provide specific numerical guidance for FY2025 (10-K). Key trends include product innovation (e.g., Wundermost, Steady State), brand awareness expansion, and omni-channel strategy execution (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 |
|---|---|---|---|---|---|
| Revenue | 3.3B | 4.0B | 4.4B | 6.3B | 8.1B |
| Operating Income | 706M | 889M | 820M | 1.3B | 1.3B |
| Net Income | 484M | 646M | 589M | 975M | 855M |
| Total Assets | 3.3B | 4.2B | 4.9B | 5.6B | 7.1B |
| Total Equity | 1.6B | 1.4B | 2.0B | 2.6B | 2.7B |
| Operating Cash Flow | 743M | 669M | 803M | 1.4B | 966M |
Consumer Discretionaryの企業一覧
lululemon athletica incと同じ「Consumer Discretionary」セクターの企業