Lululemon shares jump after earnings beat and CEO exit announcement

Core Insights - Lululemon Athletica shares increased nearly 11% in after-hours trading following the release of stronger-than-expected third-quarter results [1] - The company announced that Chief Executive Calvin McDonald will step down, which may impact future strategic direction [1] Financial Performance - The third-quarter results exceeded market expectations, indicating robust sales and operational performance [1] - Specific financial metrics were not detailed in the provided content, but the positive market reaction suggests significant growth [1] Leadership Changes - The announcement of CEO Calvin McDonald's departure could lead to changes in company strategy and management structure [1] - The impact of this leadership change on investor sentiment and company performance remains to be seen [1]