lululemon CEO Calvin McDonald to step down; Q3 EPS $2.59, revenue $2.6B

lululemon athletica inc.

CEO Calvin McDonald to step down Jan 31, 2026; Marti Morfitt named executive chair, Meghan Frank and André Maestrini interim co-CEOs.
Q3 net revenue $2.6B (+7% YoY); diluted EPS $2.59 vs $2.87; Americas revenue -2%, international +33%.
Comparable sales +1% overall; Americas -5%, international +18%.
FY2025 guidance: revenue $10.96B-$11.05B, EPS $12.92-$13.02; Q4 revenue $3.5B-$3.585B, EPS $4.66-$4.76.
Board authorized $1B increase to stock buyback; $1.6B remaining authorization as of Dec 11, 2025.

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