The following tables present the Company's unaudited quarterly results of operations and comprehensive income for each of the eight fiscal quarters in the periods ended February 2, 2014 and February 3, 2013. You should read the following tables in conjunction with the Company's audited consolidated financial statements and related notes appearing elsewhere in this Form 10-K. The Company has prepared the information below on a basis consistent with its audited consolidated financial statements and has included all adjustments, consisting of normal recurring adjustments, which, in the opinion of the Company's management, are necessary to fairly present its operating results for the quarters presented. The Company's historical unaudited quarterly results of operations are not necessarily indicative of results for any future quarter or for a full year.



	Fiscal 2013												Fiscal 2012
	Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter		Second Quarter			First Quarter
	(In thousands) (unaudited)
Consolidated statements of operations and comprehensive income:
Net revenue	$	520,993		$	379,900		$	344,513		$	345,782		$	485,489		$	316,537	$	282,634		$	285,698
Cost of goods sold	242,203			175,294			158,558			175,057			210,982			141,237		126,879			128,434
Gross profit	278,790			204,606			185,955			170,725			274,507			175,300		155,755			157,264
Operating expenses:
Selling, general and administrative expenses	124,643			112,270			106,969			104,836			121,932			94,689		85,567			84,199
Income from operations	154,147			92,336			78,986			65,889			152,575			80,611		70,188			73,065
Other income (expense), net	1,519			1,453			1,295			1,501			1,457			1,424		1,166			910
Income before provision for income taxes	155,666			93,789			80,281			67,390			154,032			82,035		71,354			73,975
Provision for income taxes	45,974			27,678			23,816			20,111			44,657			24,655		13,652			27,001
Net income	109,692			66,111			56,465			47,279			109,375			57,380		57,702			46,974
Net income attributable to non-controlling interest	—			—			—			—			—			64		480			331
Net income attributable to lululemon athletica inc.	$	109,692		$	66,111		$	56,465		$	47,279		$	109,375		$	57,316	$	57,222		$	46,643
Basic earnings per share	$	0.75		$	0.46		$	0.39		$	0.33		$	0.76		$	0.40	$	0.40		$	0.32
Diluted earnings per share	$	0.75		$	0.45		$	0.39		$	0.32		$	0.75		$	0.39	$	0.39		$	0.32
Other comprehensive (loss) income:
Foreign currency translation adjustment	(53,657		)	(9,153		)	(21,901		)	(4,447		)	(79		)	2,642		(10,567		)	7,545
Comprehensive income	$	56,035		$	56,958		$	34,564		$	42,832		$	109,296		$	59,958	$	46,655		$	54,188