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Revenue rose 7% to $2.4 billion but Americas comparable sales fell 2%, and Lululemon lowered its full-year EPS outlook to $14.58-$14.78, sending the shares down about 20% the next day.

Former OptumLabs CEO and Amazon AI Services general manager Ranju Das takes a newly created role running Lululemon's technology and AI strategy from 2 September 2025, reporting to CEO Calvin McDonald. Chief Information Officer Julie Averill leaves in September.

Lululemon cut its full-year EPS outlook to $12.77-$12.97, citing about $240 million of tariff and de minimis costs, as Americas comparable sales fell 4%; the shares fell about 20%.

Lululemon's first president, Americas chief Celeste Burgoyne, leaves after 19 years, and international head André Maestrini becomes president and chief commercial officer over every region, store and digital channel.

After seven years, Calvin McDonald will leave as CEO on 31 January 2026; CFO Meghan Frank and president André Maestrini become interim co-CEOs and chair Marti Morfitt becomes executive chair while the board searches for a successor.

International revenue jumped 33% while the Americas slipped 2%; Lululemon raised its full-year outlook and added $1.0 billion to its buyback, and the shares rose more than 9% the next day.

Founder Chip Wilson nominates three directors - ex-On co-CEO Marc Maurer, ex-ESPN marketing chief Laura Gentile and ex-Activision CEO Eric Hirshberg - for the 2026 annual meeting and proposes declassifying Lululemon's board.

On the first morning of the ICR Conference, Lululemon said fourth-quarter revenue and EPS would come in toward the top of its $3.500-$3.585 billion and $4.66-$4.76 ranges after the holidays.

Calvin McDonald's seven-year run as CEO ends and CFO Meghan Frank and president André Maestrini take over as interim co-CEOs while the board looks for a permanent chief.

Chip Bergh, who ran Levi Strauss & Co. from 2011 to 2024, joins Lululemon's board and will stand at the 2026 annual meeting in place of lead director David Mussafer, who is retiring.

Fiscal 2025 revenue rose 5% to $11.1 billion but EPS fell to $13.26, and Lululemon guided 2026 EPS to just $12.10-$12.30 as tariffs, discount pull-backs and proxy-fight costs weighed.

Heidi O'Neill, who spent 27 years at Nike and last ran its consumer, product and brand, will become Lululemon's CEO on 8 September 2026 on a US$1.4 million base salary.

Former Unilever chief growth and marketing officer Esi Eggleston Bracey joins Lululemon's board and will stand at the 2026 annual meeting in place of retiring director Shane Grant.

Lululemon gives two of Chip Wilson's nominees, Laura Gentile and Marc Maurer, board seats after the 2026 meeting and backs board declassification; Wilson accepts a standstill of about 18 months.

Lululemon cut its 2026 EPS outlook by more than $1 to $10.95-$11.15 and forecast falling sales, blaming negative media commentary and weak product launches; the shares fell 11% after hours.

Revenue fell 4% and comparable sales 9%, and Lululemon cut its 2026 outlook to a 5-7% sales decline and EPS of $9.48-$9.73; a $134.5 million tariff refund propped up margins, and the shares fell about 20%.

Former Nike executive Heidi O'Neill starts as Lululemon's CEO and joins its board, ending seven months of interim co-CEOs; the board also amends the bylaws the same day.

Lululemon is expected to report its third quarter on Thursday 10 December 2026, having guided to a 10-11% revenue decline to $2.29-$2.32 billion and EPS of $0.93-$0.98, its first results under CEO Heidi O'Neill.