The latest data point shows LULU's Q1'27 operating income at $276.95M, representing a significant decline from the previous quarter's $812.29M in Q4'26. From Q2'24 to Q1'27, the operating income chart displays a volatile pattern with strong seasonal peaks in Q4 periods, where Q4'25 reached the highest level at $1.04B before declining to $812.29M in Q4'26; the YoY growth line shows a sharp reversal from positive territory (peaking at 190.7% in Q4'24) to negative growth starting in Q2'26, with the most recent quarters recording declines of -11.2% and -22.1% respectively.