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露露乐蒙Lululemon Athletica Inc(LULU)2025年10-K年度报告「NASDAQ」(英文版)(225页).pdf

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1、Table of ContentsUNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington,D.C.20549_ Form 10-K_ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended February 1,2026ORTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE A

2、CT OF 1934For the transition period from to Commission file number 001-33608_lululemon athletica inc.(Exact name of registrant as specified in its charter)_Delaware 20-3842867(State or other jurisdiction ofincorporation or organization)(I.R.S.EmployerIdentification Number)1818 Cornwall Avenue,Vancou

3、ver,British Columbia V6J 1C7(Address of principal executive offices)Registrants telephone number,including area code:(604)732-6124Securities registered pursuant to Section 12(b)of the Act:Title of each classTrading symbol(s)Name of each exchange on which registeredCommon Stock,par value$0.005 per sh

4、areLULU Nasdaq Global Select Market _Indicate by check mark if the registrant is a well-known seasoned issuer,as defined in Rule 405 of the Securities Act.Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d)of the Act.Yes No Indicate

5、 by check mark whether the registrant(1)has filed all reports required to be filed by Section 13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12 months(or for such shorter periodthat the registrant was required to file such reports),and(2)has been subject to such filing requir

6、ements for the past 90 days.Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months(or forsuch shorter period that the registrant was required to submi

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1. **公司概况**:lululemon是全球技术运动服饰、鞋类及配饰的设计、分销和零售商,2025财年净收入110.76亿美元,美洲占71%(78.47亿美元),中国占16%(17.55亿美元),其他市场占13%(15.01亿美元)。 2. **业务模式**:采用全渠道零售,运营811家直营门店(2026年2月数据),电商渠道支持线上下单门店提货等,并拓展二手转售(Like New)和授权合作。 3. **产品与市场**:女性产品占63%,男性占24%,配饰占13%;计划2026年在新增门店中,中国占比最高。 4. **风险因素**:面临激烈竞争、品牌声誉风险、供应链压力(40%产品产自越南)、国际扩张不确定性及高管变动(CEO于2026年1月离职)。
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