Core Insights - Lululemon athletica inc. reported stronger-than-expected third-quarter results, with shares rising over 9% intra-day following the announcement [1] - The company expanded its share repurchase program, indicating confidence in its financial position [1] Financial Performance - Earnings per share reached $2.59, exceeding analyst estimates by $0.38 [1] - Revenue increased by 7% year-over-year to $2.6 billion, surpassing the consensus estimate of $2.48 billion [1] - Comparable sales rose by 1%, or 2% on a constant-currency basis [1] Market Performance - International markets drove performance, with international net revenue surging by 33%, particularly strong in mainland China where comparable sales jumped by 24% [2] - In contrast, North America lagged, with net revenue declining by 2% and comparable sales falling by 5% [2] Store Expansion and Inventory - Lululemon opened 12 net new stores during the quarter, bringing the total to 796 locations globally [2] - Inventory rose by 11% year-over-year to $2.0 billion, or 4% on a unit basis [2] Future Outlook - For fiscal 2025, the company raised its net revenue outlook to a range of $10.962 billion to $11.047 billion, representing 4% growth, or 5% to 6% excluding the impact of a 53rd week in fiscal 2024 [3] - CEO Calvin McDonald will step down effective January 31, 2026, with a search for his successor underway [3] - Board Chair Marti Morfitt has been appointed Executive Chair to oversee the transition [3]

An attack ad, flagging sales, and mounting pressure: How Lululemon's CEO lost his job. https://t.co/4ss7JqdTZ3 ...

He is upgrading those shares today after having a sell rating on them for more than two years now. That analyst is Randy Ko, the senior analyst at Jeffre who covers many of these athleisure and athletic apparel type names. So let's talk a little bit about this >> why you've been a bear for a while and and you've been correct.Y >> what exactly was the primary catalyst for why you think that this stock is now upside down. >> Look, it all it all started with uh a leadership issue with the company. So what we n ...

Core Viewpoint - The analyst Randy Ko has upgraded shares of a company after maintaining a sell rating for over two years, indicating a potential shift in the company's outlook due to leadership changes [1] Leadership Issues - The company's previous management was criticized for attempting to expand into non-core products, which did not resonate with their customer base, leading to a decline in their core leggings product [2][3] - The departure of the leadership team is seen as a positive development for the company, suggesting that the previous strategy was ineffective [4] Market Performance - The company's U.S. business has experienced a 5% decline this quarter, indicating ongoing challenges in regaining market momentum [7] - The analyst believes that growth may not return until 2027, highlighting the difficulties the company faces in the current market environment [8] Competitive Landscape - The company is facing increasing competition from other brands, including Vory, Ran, and Public Wreck, as well as established players like Nike, Ralph Lauren, and H&M, which complicates its market position [9][10] - The competitive dynamics are intensifying, making it challenging for the company to maintain its market share [10] Future Outlook - Despite the leadership change being a step in the right direction, the company is not expected to see significant growth in the near term due to difficult comparisons and a shift in consumer preferences towards denim and casual wear [5][6]

Key Takeaways Lululemon's once high-flying stock has plummeted this year. Now a new CEO will be brought in to help coach the athleisure brand through its recovery. Lululemon Athletica (LULU) said Thursday that Calvin McDonald's roughly eight-year tenure will conclude at the end of January. The transition process is unfolding in a somewhat dramatic manner, with the company announcing a search rather than immediately naming a permanent replacement, and founder Dennis "Chip†Wilson publicly grousing about what ...

Lululemon might just be entering a new—and improved—era. On Thursday, December 11, the athleisure apparel company shared a mostly positive third-quarter earnings report and announced the departure of its CEO, Calvin McDonald. McDonald will leave Lululemon Athletica on January 31, after seven years in the post. He previously served as CEO of Sephora Americas. In a post-earnings call, McDonald called his time as CEO a "dream job†but that "the timing is right for a change.†He will stay on as a senior adviser t ...

The stock's sell-off created a unique buying opportunity. But is it too late to buy?Lululemon Athletica (LULU +10.86%) stock has rebounded significantly recently, rising more than 20% over the last 30 days alone. That is a notable shift after shares slid earlier this year as cooling U.S. demand and a contracting profit margin spooked investors.With fresh data from the company's latest earnings report to mull over, it's a good time to take a look at the stock to see if shares look attractive. After all, even ...

Lululemon Athletica’s shares spiked Friday after the company’s CEO Calvin McDonald announced his resignation amid declining US sales, with its founder putting the board on notice about a potential proxy battle.After seven years at the helm, McDonald is stepping down on Jan. 31 and will remain as an advisor to the company through March, he said on a Thursday earnings call discussing two straight quarters of decreasing North America sales.“We agreed that the timing is right for a change,” McDonald said of his ...

Lululemon Athletica Inc. announced Thursday that CEO Calvin McDonald is stepping down early next year as the brand struggles to compete in the highly competitive sector. McDonald will step down on Jan. 31, 2026, but will continue to serve as a senior advisor to the company through March 31. Lululemon Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs as the board of directors looks for McDonald's replacement. The company said Frank and Maestrini h ...

[music] Good Friday morning. I'm Yind executive editor Brian Sazy and this is opening bid a site for my chat shortly with Beiju bot. Beiju is the co-founder of Robin Hood but he has been spending this year [music] scaling up a new satellite venture.He tells me his young company is about to have a milestone moment. This chat is moments [music] away. Here's what's on my mind right now though.Like Oracle, earlier in the week, Broadcom shares were getting cooked after earnings. The reason for the sell-off is al ...