Lululemon业绩承压超一年 CEO麦克唐纳将卸任

Core Viewpoint - Lululemon's CEO Calvin McDonald will step down on January 31, following a year of poor performance, with the board seeking a new leader to guide the company's transformation [1] Group 1: Leadership Changes - Calvin McDonald will remain as a senior advisor until March 31 to ensure a smooth transition [1] - CFO Meghan Frank and CBO André Maestrini will serve as interim co-CEOs during the search for a new CEO [1] - Marti Morfitt, the board chair, will take on the additional role of executive chair [1] Group 2: Financial Performance - Lululemon reported Q3 earnings of $2.59 per share, exceeding expectations of $2.25, with revenue of $2.57 billion, surpassing the forecast of $2.48 billion [3] - The company's net profit for the quarter was $306.84 million, down from $351.87 million in the same period last year [3] Group 3: Market Challenges - Sales increased to $2.57 billion from $2.4 billion year-over-year, but the company faces pressure from tariffs, weak U.S. consumer spending, and changing consumer preferences [4] - Lululemon is experiencing intense competition from emerging brands like Vuori and Alo Yoga, and consumers are shifting preferences towards jeans over yoga pants [4] - The company is actively pursuing international expansion and diversifying its product line to include footwear, outerwear, and work-appropriate casual pants [4] Group 4: Business Dynamics - Overall business growth is driven by international operations and new store openings, while the Americas market continues to decline [5] - The termination of the "de minimis" tax exemption policy has impacted Lululemon more severely than its peers, with an expected profit reduction of $240 million due to tariffs [6]