Lululemon Athletica Inc (LULU) Releases Q3 2025 Earnings: Revenue Up but EPS, Operating Profit and Cash Flow Down

Lululemon Athletica Inc (LULU) — Q3 2025 Results

The company delivered revenue growth but saw profits and cash flow soften compared with a year ago.

Total revenue: $2.57 billion (+7.06% year-over-year)

Gross profit: $1.43 billion (+1.73% year-over-year)

Cost of sales: $1.14 billion (+14.57% year-over-year)

Operating profit: $436 million (-11.16% year-over-year)

Net income attributable to common shareholders: $307 million (-12.8% year-over-year)

Diluted earnings per share: $2.59 (-9.76% year-over-year)

Cash flow and balance sheet

Operating cash generation and cash reserves declined year-over-year while liabilities increased.

Cash from operating activities: $250 million (-16.89% year-over-year)

Purchases of property, plant and equipment (capex): $167 million (-6.19% year-over-year)

Cash and cash equivalents: $1.04 billion (-12.84% year-over-year)

Total liabilities: $3.45 billion (+11.47% year-over-year)

Takeaways

Lululemon posted solid top-line growth but rising cost of sales and lower operating profit indicate margin pressure. Net income and diluted EPS declined despite higher revenue, and operating cash flow fell, while the company’s liabilities increased year-over-year. These trends suggest the company is growing sales but facing margin and cash-generation headwinds in Q3 2025.

Lululemon Athletica Inc Insider Trading Activity

Lululemon Athletica Inc insiders have traded $LULU stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $LULU stock by insiders over the last 6 months:

CALVIN MCDONALD (Chief Executive Officer) has made 0 purchases and 2 sales selling 27,049 shares for an estimated $6,375,226.
NICOLE NEUBURGER (Chief Brand Officer) sold 615 shares for an estimated $109,470

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Lululemon Athletica Inc Hedge Fund Activity

We have seen 442 institutional investors add shares of Lululemon Athletica Inc stock to their portfolio, and 786 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 7,812,726 shares (-65.8%) from their portfolio in Q3 2025, for an estimated $1,390,118,337
ALLIANCEBERNSTEIN L.P. removed 2,267,751 shares (-62.4%) from their portfolio in Q3 2025, for an estimated $403,500,935
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 1,995,575 shares (+488.2%) to their portfolio in Q3 2025, for an estimated $355,072,659
MAWER INVESTMENT MANAGEMENT LTD. removed 1,359,440 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $241,885,159
DIAMOND HILL CAPITAL MANAGEMENT INC removed 1,116,063 shares (-92.5%) from their portfolio in Q3 2025, for an estimated $198,581,089
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,102,855 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $196,230,990
AMERICAN CENTURY COMPANIES INC removed 851,869 shares (-70.8%) from their portfolio in Q3 2025, for an estimated $151,573,051

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Lululemon Athletica Inc Congressional Stock Trading

Members of Congress have traded $LULU stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $LULU stock by members of Congress over the last 6 months:

REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 07/16 and 1 sale worth up to $15,000 on 07/22.
REPRESENTATIVE MARJORIE TAYLOR GREENE sold up to $15,000 on 06/17.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

Lululemon Athletica Inc Analyst Ratings

Wall Street analysts have issued reports on $LULU in the last several months. We have seen 2 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 11/25/2025
Jefferies issued a "Underperform" rating on 10/06/2025
Telsey Advisory Group issued a "Outperform" rating on 08/29/2025

To track analyst ratings and price targets for Lululemon Athletica Inc, check out Quiver Quantitative's $LULU forecast page.

Lululemon Athletica Inc Price Targets

Multiple analysts have issued price targets for $LULU recently. We have seen 18 analysts offer price targets for $LULU in the last 6 months, with a median target of $185.0.

Here are some recent targets:

Dana Telsey from Telsey Advisory Group set a target price of $200.0 on 12/08/2025
Janine Stichter from BTIG set a target price of $303.0 on 11/25/2025
Brooke Roach from Goldman Sachs set a target price of $180.0 on 11/18/2025
Jay Sole from UBS set a target price of $183.0 on 11/17/2025
Randal Konik from Jefferies set a target price of $120.0 on 10/06/2025
Alexandra Steiger from Morgan Stanley set a target price of $185.0 on 09/30/2025
Tom Nikic from Needham set a target price of $192.0 on 09/25/2025