Lululemon Stock Pops on CEO News -- WSJ

Dow Jones12-13

By Kelly Cloonan

Lululemon Athletica's stock jumped 12% Friday, leading the S&P 500, after the athletic gear maker announced a plan to search for a new chief executive. Calvin McDonald, the current CEO, will step down in January, the company said late Thursday.

Shares in the athletic gear maker had lost about half their value in 2025 before Friday's rally, and the company's founder has pushed for board changes.

Thursday's announcement marked a big positive, Jefferies analysts wrote in a note. "The board's decision to move on is overdue and, in our view, the most constructive development for shareholders in years," they said. Jefferies upgraded the stock to hold.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 12, 2025 15:35 ET (20:35 GMT)

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