US EditionLululemon Athletica CEO to step down, lifts annual targets
Lululemon raised annual profit guidance and expanded its stock buyback by $1 billion amid mixed Q3 results and U.S. sales decline, prompting CEO Calvin McDonald's departure.
- On December 11, 2025, lululemon athletica inc. announced Calvin McDonald will step down as Chief Executive Officer and Board member, effective January 31, 2026, remaining senior advisor through March 31, 2026.
- The lululemon Board of Directors announced a CEO search with a leading executive search firm, appointed Marti Morfitt, Chair of the Board, as Executive Chair, and named Meghan Frank, Chief Financial Officer, and André Maestrini, Chief Commercial Officer, interim co-CEOs.
- Since 2018, McDonald has guided lululemon through significant growth, tripling revenues, expanding to over 30 geographies, and growing lululemon's China Mainland business as its second largest market.
- In investor communications today, the company issued third quarter fiscal 2025 results and will host a conference call at 4:30 p.m. Eastern Time with dial-in numbers and a live webcast; a replay will be available online for 30 days.
- The Board said it seeks a leader with growth experience and the press release includes the company's forward-looking statements and risk disclosures about leadership integration and strategy execution.
57 Articles
57 Articles
Lululemon is dialing back the in-store clutter
Lululemon’s executives said the company would be improving its in-store experience. Joe Raedle/Getty Images Lululemon is making changes to its inventory-packed stores. Company executives said they would reduce the number of products in stores and highlight specific items. In recent months, analysts have criticized Lululemon’s bad store experience and fragmented assortment. Lululemon knows it’s got a store layout problem, and it’s rolling out a …
Lululemon leadership transition: CEO Calvin McDonald to step down in January; athletic wear brand wrestles with dropping sales
Lululemon CEO Calvin McDonald is stepping down January 31 amid a challenging sales year, with the board seeking a successor. The athletic wear brand reported a 2% net revenue decline in the Americas and a 13% profit fall in its third quarter, facing increased competition and market shifts. ...
The Epoch Times
Lululemon CEO to Step Down in January as US Sales Decrease
Lululemon Athletica’s CEO will step down in January after seven years at the helm of the premium workout and athleisure wear company, the Canadian brand announced Thursday. Calvin McDonald’s departure, expected on Jan. 31, comes amid disappointing U.S. sales, increased competition, and criticism about the company’s direction. Chief Commercial Officer André Maestrini will serve as the interim CEO while the company conducts a search for a new exec…
Lululemon Shares Rally After Hours as CEO Plans Exit. Does the Market Expect a Strategy Shift?
Key PointsCalvin McDonald will depart as Lululemon CEO, effective Jan. 31.The stock was down 51% year-to-date before the news came out.The company beat estimates in its third-quarter earnings report, but profits still fell. 10 stocks we like better than Lululemon Athletica Inc. › Lululemon Athletica (NASDAQ: LULU) closed out a tumultuous year on Thursday, announcing in its third-quarter earnings report that Calvin McDonald would be departing as …
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