Lululemon (LULU) came out with quarterly earnings of $2.59 per share, beating the Zacks Consensus Estimate of $2.22 per share. This compares to earnings of $2.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +16.67%. A quarter ago, it was expected that this athletic apparel maker would post earnings of $2.84 per share when it actually produced earnings of $3.1, delivering a surprise of +9.15%.Over the last four quarters, the ...

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[music] Hello and welcome to Market Domination Overtime. A record day on Wall Street. New records for the Dow and the S&P 500.Jared Blickery has a closer look at the action. Jared. >> Oh, Josh, you're just getting started here.We got a lot of records today. So, let's dial up the Wi-Fi Interactive behind me and start with the Dow. That's where we're seeing some of the biggest gains today.That's up uh 1.3%. We're good for about 650 points. NASDAQ, meanwhile, in the red today.Wasn't the strongest day. Tech was ...

Lululemon Athletica (NasdaqGS:LULU) Q3 2026 Earnings Call December 11, 2025 04:30 PM ET Company ParticipantsHoward Tubin - VP of Investor RelationsJay Sole - Managing DirectorDana Telsey - CEO and CROPaul Lejuez - Managing DirectorCalvin McDonald - CEOMeghan Frank - CFOMichael Binetti - Senior Managing DirectorBrooke Roach - VP and Equity ResearchJanine Stichter - Managing DirectorConference Call ParticipantsLorraine Hutchinson - Retail AnalystMark Altschwager - Senior Research AnalystMatthew Boss - Equity ...

Financial Data and Key Metrics Changes - Total net revenue for Q3 increased by 7% to $2.6 billion on both a reported and constant currency basis [27] - Comparable sales rose by 2% [27] - Gross profit for Q3 was $1.43 billion, representing 55.6% of net revenue, down from 58.5% in Q3 2024 [29] - Net income for the quarter was $307 million, or $2.59 per diluted share, compared to $2.87 for the third quarter of 2024 [30] Business Line Data and Key Metrics Changes - In the Americas, total revenue declined by 2%, with the U.S. down 3% and Canada down 1% [11] - International revenue increased by 33%, driven by a 46% growth in China Mainland [11][28] - Men's revenue increased by 8%, women's revenue increased by 6%, and accessories and other grew by 12% [28] Market Data and Key Metrics Changes - China Mainland revenue increased by 46%, with comparable sales up by 25% [28] - The rest of the world segment saw revenue grow by 19% on a reported and constant currency basis, with comparable sales increasing by 9% [28] - The company ended the quarter with 796 stores globally, with square footage increasing by 12% [28] Company Strategy and Development Direction - The company is focused on three pillars: product creation, product activation, and enterprise efficiency to drive improvement in the U.S. business [19][26] - Plans to increase new style penetration to 35% in Spring 2026, with a strong pipeline of innovation [20][22] - The company aims to enhance the in-store experience and improve digital engagement to better connect with high-value guests [25] Management's Comments on Operating Environment and Future Outlook - Management noted a slowing trend in demand post-Thanksgiving, which has been factored into Q4 guidance [41] - The company expects revenue growth in Q4 to be below Q3 trends due to calendar shifts [12][33] - Management expressed confidence in the leadership team and the action plan to drive future growth [9][10] Other Important Information - The company has a strong balance sheet with $1 billion in cash and no debt, allowing for continued investment in growth initiatives [27] - The leadership transition is underway, with Calvin McDonald stepping down as CEO and Marty Morfitt serving as Executive Chair [5][9] Q&A Session Summary Question: Can you elaborate on the cadence of demand in the U.S. during Q3? - The quarter progressed as expected, with August being the best month and October the softest, aligning with prior expectations [41] Question: What are the implications of the product assortment changes for operating margins? - There will be puts and takes for operating margins, with a focus on expense savings and efficiencies [42] Question: How did the segments perform this quarter? - The company held share in premium athletic but lost some share in performance apparel due to changing guest behavior [44] Question: How much of the new product pipeline is informed by customer research? - The product innovation process is driven by research focused on unmet needs across various activity categories [47] Question: Can you discuss the performance of the China business? - The company continues to see strong momentum in China, with good performance across all tier cities [60]

CEO departure adds another wrinkle to Lululemon's attempts to return to glory days. ...

Let's start with the departure of McDonald. He's been there since 2018. We had a chance to see what he can do the last couple of years.Haven't pleased investors. Do you think this could potentially be a good change for the company. I think it's a positive change.Look, I think Calvin did a great job in scaling the business into a global leader for a period of time, but I don't think he was the right leader at the right time for this business. And what we've seen is throughout the past year, year and a half, ...

Let's start with the departure of McDonald. He's been there since 2018. We had a chance to see what he can do the last couple of years.Haven't pleased investors. Do you think this could potentially be a good change for the company. I think it's a positive change.Look, I think Calvin did a great job in scaling the business into a global leader for a period of time, but I don't think he was the right leader at the right time for this business. And what we've seen is throughout the past year, year and a half, ...

Calvin McDonald, CEO of Lululemon, is stepping down from that role at the end of January, the company announced Thursday. McDonald is also stepping down from the board of directors and will serve as an advisor to the company through March.Lululemon's board is conducting a "comprehensive search process" for its next CEO, the company said. This story is breaking. Check back for updates. ...

Uh, meantime, Lululemon earnings are out. Courtney Reagan has details from the report. Court.>> Yeah, John. And before I give you the details from the report, I have to let you know that CEO Kevin McDonald will be stepping down from Lululemon. There is going to be an extensive search, but in the meantime, the current CFO and chief commercial officer will step in to run as effective co-CEOs until a permanent successor has been named.McDonald has been with the company since 2018. And of course, as we've talke ...