Overview
- Lululemon reported EPS of $2.59 on revenue of $2.57 billion, beating consensus estimates on both profit and sales.
- The company lifted its fiscal 2025 outlook to GAAP EPS of $12.92 to $13.02 and revenue of $10.96 billion to $11.05 billion.
- CEO Calvin McDonald plans to step down effective Jan. 31, 2026, with CFO Meghan Frank and CCO André Maestrini to serve as interim co-CEOs during the search for a successor.
- Regional trends diverged as Americas net revenue fell 2% with comparable sales down 5%, while international net revenue grew 33% with comps up 18%.
- The board increased the share repurchase program by $1 billion, shares rose about 7% after hours, and analysts continued to cite tariff changes as a key margin headwind with more relief expected in 2026.