LULU
9/9 ScoreLululemon Athletica Inc.
Analysis Date: February 14, 2026
lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits. It also provides fitness-related accessories and footwear. The company sells its products through a chain of company-operated stores; outlets and warehouse sales; interactive workout platform; a network of wholesale accounts, such as yoga studios, health clubs, and fitness centers; temporary locations; and license and supply arrangements, as well as directly to consumer through mobile apps and lululemon.com e-commerce website. As of January 30, 2022, it operated 574 company-operated stores under the lululemon brand in the United States, Canada, the People's Republic of China, Australia, the United Kingdom, Japan, New Zealand, Germany, South Korea, Singapore, France, Malaysia, Sweden, Ireland, the Netherlands, Norway, and Switzerland. lululemon athletica inc. was founded in 1998 and is based in Vancouver, Canada.
Buffettology Criteria
All 9 of 9 criteria passed
High ROE
Return on Equity > 12%
Value: 39.8%
High ROIC
Return on Invested Capital > 9%
Value: 26.7%
Cash Machine
FCF / Assets > 5%
Value: 20.8%
Fair Valuation
Earnings Yield > 3.5%
Value: 8.3%
Share Buybacks
Share Count is Dropping
Value: -2.4%
Defensible Moat
Gross Profit Margin > 40%
Value: 58.4%
Simple Business
Not in a speculative sector (e.g., Biotech)
Value: Consumer Cyclical
Conservative Debt
Debt to Equity < 1.5
Value: 0.39x
Consistent Growth
5-Year Growth is Positive
Value: 196.2%
Analysis Summary
Lululemon Athletica appears to be a well-oiled machine, exhibiting excellent returns on capital and a seemingly robust competitive moat, all while maintaining a manageable debt load. It's heartening to see consistent growth and shareholder-friendly buybacks, suggesting management understands how to compound value over the long haul. While valuation seems reasonable today, the true test will be if this "comfortable chair" continues to grow its earnings gracefully over the many years ahead.
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