Lululemon Athletica news and archive

Lululemon needs infusion of new skills, says founder

Chip Wilson, Founder of Lululemon Athletica, and one of its largest shareholders, stated that the board's praise for Calvin McDonald, a CEO who has overseen massive value destruction over the past two years, shows blatant disregard for shareholders. He also noted that this latest failure only amplifies the urgency the company faces and the...

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Business

Lululemon CEO Calvin McDonald to step down amid U.S. challenges

Lululemon Athletica simultaneously announced its third quarter fiscal 2025 financial results and a major leadership transition, confirming that Calvin McDonald plans to step down as chief executive officer and a member of the board of directors, effective January 31, 2026. The board has commenced a comprehensive search for a new CEO. The...

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Business

Lululemon reports mixed Q2: International sales surge, US disappoints

Lululemon Athletica Inc. announced its financial results for the second quarter of fiscal 2025, revealing a mixed performance. The company reported a 7 percent increase in net revenue to 2.5 billion dollars, but this was primarily driven by strong international growth. The company's U.S. business results fell short of expectations, with Americas...

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Lululemon's Q4 sales surge, 2025 outlook disappoints investors

Yoga wear brand Lululemon reported a strong fourth-quarter revenue surge, fuelled by its "Power of Three ×2" growth plan, which aims to double the business from its 2021 net revenue of 6.25 billion dollars to 12.5 billion dollars by 2026. Fourth-quarter revenue climbed 13 percent to 3.6 billion dollars. However, the company's full-year forecast...

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Lululemon raises Q4 outlook on strong holiday trading

For the fourth quarter, Lululemon Athletica now expects net revenue will be in the range of 3.560 billion dollars to 3.580 billion dollars, representing growth of 11 percent to 12 percent or 6 percent to 7 percent excluding the 53rd week of 2024. The company previously expected revenue to be in the range of 3.475 billion dollars to 3.510 billion...

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Lululemon misses Q2 sales estimate, cuts full year guidance

Lululemon Athletica’s second quarter net revenue increased 7 percent to 2.37 billion dollars, or increased 8 percent on a constant dollar basis but missed the Wall Street expectations. According to the CNBC report, based on a survey by LSEG, analysts anticipated sales to reach 2.41 billion dollars. Lowering its forecasts for 2024, the company...

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Lululemon accused of greenwashing in class action lawsuit

Lululemon Athletica Inc. is accused of deploying misleading greenwashing tactics to make consumers think that it's more sustainable and environmentally friendly than it really is. According to a class action lawsuit filed in the US District Court of the Southern District of Florida last Friday, the Canadian athleisure brand has been taking...

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International markets drive Lululemon's Q1 results

For the first quarter, Lululemon Athletica reported a net revenue increase of 10 percent or 11 percent in constant dollars to 2.2 billion dollars. Comparable sales for the quarter increased 6 percent or 7 percent on a constant dollar basis. The company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of...

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People

Lululemon announces the departure of chief product officer

Lululemon Athletica has announced that the company plans to implement an updated and more integrated organisational structure, in conjunction with the departure of Sun Choe, chief product officer. The company said in a release that the strategic organisational changes are intended to support the company’s near and long-term growth plans,...

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Lululemon posts Q3 revenue growth of 19 percent

Lululemon Athletica reported a third quarter revenue increase of 19 percent to 2.2 billion dollars with net revenue increase of 12 percent in North America and 49 percent internationally. Comparable sales for the quarter increased 13 percent or 14 percent on a constant dollar basis and comparable store sales increased 9 percent. Commenting on...

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Lululemon reports strong Q2, expects to double revenues by 2026

Lululemon Athletica Inc. net revenue increased 18 percent or 20 percent on a constant dollar basis to 2.2 billion dollars. The company's Power of Three ×2 growth plan calls for a doubling of the business from 2021 net revenue of 6.25 billion dollars to 12.5 billion dollars by 2026. The company said in a statement that key pillars of the plan are...

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Fashion

Lululemon's Q4 sales jump, aims to double revenues by 2026

Lululemon Athletica Inc. reported fourth quarter net revenue increased 30 percent to 2.8 billion dollars or increased 33 percent on a constant dollar basis. For fiscal 2022, the company’s net revenue increased 30 percent to 8.1 billion dollars or increased 32 percent on a constant dollar basis. The company said in a statement that its Power of...