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Published: 2024-06-05 16:10:16 ET
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EX-99.2 3 lulu-20240428xex992.htm SEGMENTED INFORMATION Document

Exhibit 99.2

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Segmented Information
Unaudited; Expressed in thousands
As reported in the Company's fiscal 2023 Annual Report on Form 10-K filed with the SEC on March 21, 2024, the Company changed its operating segments during the fourth quarter of fiscal 2023. The Company reports three segments: Americas, China Mainland, and Rest of World, which is Asia Pacific (“APAC”) and Europe and the Middle East (“EMEA”) on a combined basis. Previously, the Company's segments were based on selling channel. Please refer to Note 23. Segmented Information included in Item 8 in the Company's fiscal 2023 Annual Report on Form 10-K for further information.
The following table recasts the quarterly segment information for fiscal 2023 to reflect the current presentation:

Fiscal 2023
Q1Q2Q3Q4Total
Net revenue:
Americas$1,567,738 $1,719,773 $1,732,398 $2,611,738 $7,631,647 
China Mainland210,068 234,445 228,595 290,652 963,760 
Rest of World222,986 254,947 243,225 302,713 1,023,871 
$2,000,792 $2,209,165 $2,204,218 $3,205,103 $9,619,278 
Segmented income from operations:
Americas$581,222 $660,570 $636,714 $1,058,678 $2,937,184 
(Percentage of net revenue of respective operating segment)37.1 %38.4 %36.8 %40.5 %38.5 %
China Mainland73,885 83,481 76,792 103,158 337,316 
(Percentage of net revenue of respective operating segment)35.2 %35.6 %33.6 %35.5 %35.0 %
Rest of World43,794 51,292 45,552 61,194 201,832 
(Percentage of net revenue of respective operating segment)19.6 %20.1 %18.7 %20.2 %19.7 %
$698,901 $795,343 $759,058 $1,223,030 $3,476,332 
General corporate expenses295,609 314,207 321,480 309,140 1,240,436 
lululemon Studio obsolescence provision— — 23,709 — 23,709 
Impairment of assets and restructuring costs— — 74,501 — 74,501 
Amortization of intangible assets1,878 1,879 1,253 — 5,010 
Income from operations$401,414 $479,257 $338,115 $913,890 $2,132,676