secwatch.observer — SEC 8-K summary
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Issuer:     lululemon athletica inc. (LULU)
CIK:        0001397187
Form:       8-K
Filed at:   2025-12-11T23:59:59+00:00
Accession:  0001397187-25-000054
Event type: leadership
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1397187/000139718725000054/0001397187-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1397187/000139718725000054/lulu-20251203.htm
  HTML page:      https://secwatch.observer/filing/0001397187-25-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer