Overview
- Calvin McDonald will leave as CEO and director on Jan. 31, 2026, and remain a senior adviser through March 31.
- Board chair Marti Morfitt becomes executive chair, with CFO Meghan Frank and CCO André Maestrini serving as interim co‑CEOs.
- Lululemon reported Q3 revenue of $2.57 billion that beat estimates, with Americas revenue down 2% versus international up 33%, and shares rose about 9–10% after hours.
- The company approved a $1 billion increase to its share repurchase program and estimates a roughly $210 million hit to 2025 income from tariffs and the end of the U.S. de minimis exemption.
- An SEC filing disclosed a $3.1 million severance for McDonald, while founder Chip Wilson has criticized the company and has reportedly explored a proxy fight.