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operating-expenses-chart

LULU Operating Expenses

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The latest data point for LULU's operating expenses in Q4'26 shows SG&A expenses at $1.18B USD, with R&D expenses remaining at no data, resulting in total operating expenses of $1.18B USD for the period. Over the timeframe from Q1'24 to Q4'26, SG&A expenses exhibit an overall upward trend with periodic fluctuations, rising from $748M USD in Q1'24 to a peak of $1.14B USD in Q4'25 before stabilizing around $950M-$1.18B USD in the later quarters, indicating sustained growth in administrative and selling costs; R&D expenses consistently show no data across all periods, suggesting this category is not applicable or reported for LULU. The stacked bar chart highlights SG&A as the dominant component, with no contribution from R&D, reflecting stable but increasing operational overhead amid the company's expansion.