Lululemon Athletica news and archive

Lululemon raises fourth quarter expectations following holiday performance

Vancouver-based athletic apparel retailer Lululemon Athletica Inc. has updated its financial outlook for the fourth quarter of fiscal year 2025. The company now expects net revenue and diluted earnings per share (EPS) to reach the upper end of its previously issued guidance ranges. The group forecasts net revenue to settle toward the high end of...

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Lululemon responds to founder Chip Wilson’s proxy challenge amid global CEO search

Lululemon Athletica Inc. has formally addressed a notice from its founder, Chip Wilson, regarding his intent to nominate three director candidates for election at the company’s 2026 annual meeting of shareholders. The announcement marks a significant escalation in tensions between the athleisure giant and its founder, who has been publicly...

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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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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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Lululemon opens new flagship store in SoHo, New York City

Canadian athletic wear brand Lululemon has opened its newest flagship store in New York City. Located in the heart of SoHo, at the corner of Broadway and Spring Street, the new store marks Lululemon’s introduction of its new creative concept in North America. Among the brand’s largest stores worldwide, measuring more than 17,000 square feet...

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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...

Retail

Lululemon Expands to India: Athleisure brand partners with Tata CLiQ

Canadian athleisure brand Lululemon is set to make its official foray into the Indian market in the second half of 2026, having chosen Tata CLiQ as its franchise partner, Economic Times reports. This strategic collaboration will see the brand launch its first physical store in India, complemented by a dedicated e-commerce presence on both Tata...

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Lululemon shares down 10% following FY25 outlook

Shares of Lululemon Athletica Inc. (LULU) were trading 10 percent down on Thursday's extended trading after the company revealed fiscal 2025 outlook below the Street expectations. The company's fourth quarter results came in better than last year. Meghan Frank, Chief Financial Officer, stated, "We look forward to building on our growth in 2025,...

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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...