Core Viewpoint - Lululemon (LULU) has experienced significant stock volatility in 2025, with a peak of $423 and a subsequent decline to a low of $159, currently trading at $209, reflecting a year-to-date decrease of 45% [1][2]. Financial Performance - In Q3 2025, Lululemon reported global revenue of $2.6 billion, with diluted EPS at $2.59, marking a 9.8% decrease year-over-year [4]. - The Americas net revenue declined by 2%, while international net revenue saw a substantial increase of 33%, indicating potential for revenue growth in global markets [6]. Management Changes - Elliott Investment Management has acquired a stake exceeding $1 billion in Lululemon and is advocating for a management change [2]. - Founder Chip Wilson has initiated a proxy fight for a board shakeup, nominating three independent directors, and has expressed concerns about the company's competitive position [3]. Market Expansion - Lululemon plans to open stores in six new markets: Greece, Austria, Poland, Hungary, Romania, and India, which are expected to contribute to global growth acceleration [7]. Stock Performance - Despite a 12% decline in stock value over the last six months due to competition and muted revenue growth, recent management changes and expansion plans have led to a recovery in LULU stock [5].