On Friday, Lululemon Athletica (LULU.US) saw its shares surge over 10% in pre-market trading, reaching $207.23. The company reported its fiscal 2025 third-quarter financial results, with revenue rising 7% year-over-year to $2.6 billion. Comparable store sales grew 1%, or 2% on a constant-currency basis. Diluted earnings per share stood at $2.59. During the quarter, the company opened 12 new directly operated stores, bringing its total store count to 796 by the end of the period.
Additionally, Lululemon announced that CEO Calvin McDonald will step down next year. CFO Meghan Frank commented, "Our disciplined execution and continued strength in international markets drove better-than-expected revenue and EPS in Q3. Moving forward, we remain committed to investing in growth initiatives while maintaining operational discipline, supported by our strong financial position. We are also pleased that our board recently increased the share repurchase authorization, reflecting our shared confidence in the brand’s future opportunities."
Comments