lululemon athletica inc.
LULU Consumer Cyclical Apparel Retail
lululemon athletica inc.’s revenue for fiscal 2026 (year ended January 2026) was $11.1 billion, up 4.86% from fiscal 2025. In the quarter to July 2026, revenue fell 4.34%, EPS fell 5.81% and free cash flow grew 49.3%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years; insiders bought in the last twelve months.
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lululemon athletica inc. (LULU) Altman Z-score
lululemon athletica inc.'s Altman Z-score for fiscal 2026 is 6.83, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 6.83 | (6.13) |
| FY2025 | 12.95 | (2.65) |
| FY2024 | 15.60 | 2.72 |
| FY2023 | 12.88 | (2.08) |
| FY2022 | 14.96 | (3.67) |
| FY2021 | 18.63 | 1.23 |
| FY2020 | 17.41 | (5.25) |
| FY2019 | 22.66 | 2.98 |
| FY2018 | 19.68 | (3.00) |
| FY2017 | 22.67 | 0.22 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.28 | — | 0.34 | |
| Retained earnings / total assets | 0.53 | — | 0.75 | |
| EBIT / total assets | 0.26 | — | 0.86 | |
| Market value of equity / total liabilities | 5.94 | — | 3.56 | |
| Sales / total assets | 1.31 | — | 1.31 | |
| Altman Z-score | Safe zone | 6.83 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.83 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| LULU lululemon athletica inc. | 6.8× |
| BKE Buckle, Inc. (The) compare | 5.2× |
| ANF Abercrombie & Fitch Company compare | 5.1× |
| BOOT Boot Barn Holdings, Inc. compare | 4.7× |
| URBN Urban Outfitters, Inc. compare | 4.3× |
| AEO American Eagle Outfitters, Inc. compare | 3.6× |
| BURL Burlington Stores, Inc. compare | 3.2× |
| GAP The Gap, Inc. compare | 2.9× |
| VSXY Victoria's Secret & Co. compare | 2.4× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on LULU
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement