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Segmented Information
 12 Months Ended
Feb. 02, 2025
Segment Reporting [Abstract]  
Segmented Information Segmented Information
The Company's segments are based on the financial information the CODM, who is the Chief Executive Officer, uses to evaluate performance and allocate resources. The CODM approves the annual budget on a segment level, and regularly assesses the performance of the Company's segments using key financial metrics, including net revenue and segmented income from operations.
The Company reports three segments: Americas, China Mainland, and Rest of World, which is comprised of its non-significant operating segments APAC and EMEA reported on a combined basis. The Company does not report capital expenditures and assets by segment as that information is not reviewed by the CODM.
2024

Americas
China Mainland
Rest of World
Total Segments
Corporate(1)
Total
(In thousands)
Net revenue$7,928,156 $1,361,337 $1,298,633 $10,588,126 $— $10,588,126 
Product costs(2)
2,336,251 324,237 364,906 3,025,394 — 3,025,394 
Other cost of sales(2)
641,699 198,373 217,536 1,057,608 234,313 1,291,921 
Selling, general and administrative expenses1,934,649 328,868 401,245 2,664,762 1,097,617 3,762,379 
Amortization of intangible assets— — — — 2,735 2,735 
Income from operations$3,015,557 $509,859 $314,946 $3,840,362 $(1,334,665)$2,505,697 
Other income (expense), net70,380 
Income before income tax expense$2,576,077 
Supplemental information:
Depreciation and amortization(3)
$204,922 $33,206 $30,872 $269,000 $177,524 $446,524 
2023

Americas
China Mainland
Rest of World
Total Segments
Corporate(1)
Total
(In thousands)
Net revenue$7,631,647 $963,760 $1,023,871 $9,619,278 $— $9,619,278 
Product costs(2)
2,283,490 241,663 316,542 2,841,695 23,709 2,865,404 
Other cost of sales(2)
576,810 154,136 171,992 902,938 241,531 1,144,469 
Selling, general and administrative expenses1,834,163 230,645 333,505 2,398,313 998,905 3,397,218 
Impairment of assets and restructuring costs— — — — 74,501 74,501 
Amortization of intangible assets— — — — 5,010 5,010 
Income from operations$2,937,184 $337,316 $201,832 $3,476,332 $(1,343,656)$2,132,676 
Other income (expense), net43,059 
Income before income tax expense$2,175,735 
Supplemental information:
Depreciation and amortization(3)
$170,417 $25,746 $23,644 $219,807 $159,577 $379,384 
2022

Americas
China Mainland
Rest of World
Total Segments
Corporate(1)
Total
(In thousands)
Net revenue$6,817,454 $576,503 $716,561 $8,110,518 $— $8,110,518 
Product costs(2)
2,236,509 134,810 235,084 2,606,403 62,928 2,669,331 
Other cost of sales(2)
501,331 101,825 136,326 739,482 209,365 948,847 
Selling, general and administrative expenses1,575,874 143,003 241,947 1,960,824 796,623 2,757,447 
Impairment of goodwill and other assets— — — — 407,913 407,913 
Amortization of intangible assets— — — — 8,752 8,752 
Gain on disposal of assets— — — — (10,180)(10,180)
Income from operations$2,503,740 $196,865 $103,204 $2,803,809 $(1,475,401)$1,328,408 
Other income (expense), net4,163 
Income before income tax expense$1,332,571 
Supplemental information:
Depreciation and amortization(3)
$137,260 $17,842 $19,346 $174,448 $117,343 $291,791 
__________
(1)Corporate includes centrally managed support functions including product design, raw material development, product innovation, sourcing, supply chain, and global merchandising which are included in other cost of sales. Administrative corporate expenses include technology, brand and marketing, finance, human resources, legal, and other head office costs. An inventory obsolescence provision in relation to lululemon Studio of $23.7 million and $62.9 million in 2023 and 2022, respectively, is included within product costs.
(2)Please refer to Note 2. Summary of Significant Accounting Policies "Cost of goods sold" for a definition of product costs and other cost of sales.
(3)The amounts of depreciation and amortization disclosed by reportable segment are included within other cost of sales and selling, general and administrative expenses.


Long-lived assets, including property and equipment, net and right-of-use lease assets, by geographic area as of February 2, 2025 and January 28, 2024 were as follows: 
February 2, 2025January 28, 2024
(In thousands)
United States$1,788,554 $1,597,318 
Canada675,048 671,622 
People's Republic of China326,621 284,575 
Other geographic areas406,650 257,906 
$3,196,873 $2,811,421