Movement Alert｜Lululemon Athletica Intraday Rise 5.04% in Regular Trading, Leadership Reshuffle Moves Into Implementation

Market Focus10-22

On October 22, Lululemon Athletica rose 5.04% in Regular Trading, trading at $101.39 per share, with turnover of $165 million.

The move coincided with the company’s newly announced leadership structure moving toward implementation under new CEO Heidi ONeill, marking her first major organizational overhaul since taking the role.

The company said Maggie Gauger will become president and chief product officer, while Joseph Godsey will become chief operating officer, with both appointments effective October 26. Lululemon is also still searching for a chief brand officer, chief communications officer and chief technology officer, underscoring an ongoing management reset after recent operating pressure, slowing growth and a weaker earnings backdrop following its September quarterly report and reduced outlook.

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