v3.24.3
Segmented Information
 9 Months Ended
Oct. 27, 2024
Segment Reporting [Abstract]  
Segmented Information Segmented Information
The Company's operating segments are based on the financial information the CODM, who is the Chief Executive Officer, uses to evaluate performance and allocate resources.
During the fourth quarter of 2023, the financial information the CODM regularly uses to evaluate performance and allocate resources was revised. As the Company further executed on its omni-channel retail strategy, and with the continued expansion of its international operations, the CODM has shifted resource allocation decisions to be focused by regional market, rather than by selling channel. This resulted in a change in the Company's operating segments.
Since January 28, 2024, the Company has reported three segments: Americas, China Mainland, and Rest of World, which is APAC and EMEA on a combined basis. The Company does not report capital expenditures and assets by segment as that information is not reviewed by the CODM. Previously, the Company's operating segments were comprised of company-operated stores, direct to consumer (or "e-commerce"), and other. The Company has recast the prior period information to reflect its new operating segments.
Third QuarterFirst Three Quarters
2024202320242023
(In thousands)
Net revenue:
Americas$1,770,382 $1,732,398 $5,134,079 $5,019,909 
China Mainland318,338 228,595 936,313 673,108 
Rest of World307,940 243,225 906,237 721,158 
$2,396,660 $2,204,218 $6,976,629 $6,414,175 
Segmented income from operations:
Americas$654,939 $636,714 $1,889,206 $1,878,506 
China Mainland110,600 76,792 349,463 234,158 
Rest of World68,762 45,552 209,443 140,638 
834,301 759,058 2,448,112 2,253,302 
General corporate expense342,522 321,480 983,465 931,296 
lululemon Studio obsolescence provision— 23,709 — 23,709 
Impairment of assets and restructuring costs— 74,501 — 74,501 
Amortization of intangible assets1,118 1,253 1,118 5,010 
Income from operations490,661 338,115 1,463,529 1,218,786 
Other income (expense), net13,743 9,842 55,020 25,229 
Income before income tax expense$504,404 $347,957 $1,518,549 $1,244,015 
Depreciation and amortization:
Americas$51,726 $45,074 $143,876 $124,724 
China Mainland8,136 6,521 23,923 18,280 
Rest of World8,151 5,911 22,064 16,964 
Corporate45,586 40,463 123,068 116,126 
$113,599 $97,969 $312,931 $276,094