Tag: $Lululemon

Lululemon’s troubles are far from over. The athletic apparel retailer lowered its full-year guidance and issued a weak current-quarter outlook on Thursday as interim CEO Meghan Frank blamed “negative commentary in the media” and recent product launches that failed to wow shoppers.

Lululemon is ending its feud with founder Chip Wilson.  The athletic apparel company entered into an agreement with Wilson on Wednesday that ended a messy proxy contest the founder started late last year as its largest individual shareholder. 

Lululemon on Wednesday named Heidi O’Neill as the athleisure company’s new CEO, effective Sept. 8.

Lululemon offered a weak 2026 outlook on Tuesday as tariffs, higher expenses and a dramatic proxy battle with its founder weigh on its bottom line.

Lululemon Athletica (LULU) stock traded flat Monday after the company updated its fiscal fourth-quarter guidance to reflect a strong holiday season.

Lululemon Athletica’s (LULU) founder Chip Wilson has launched a proxy fight for a board shakeup, days after the apparel maker announced the exit of CEO Calvin McDonald, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Activist investor Elliott Management has amassed a stake of more than $1 billion in Lululemon Athletica (LULU) and is lining up a potential CEO candidate as it pushes to revive the struggling athletic apparel retailer, a source told Reuters on Wednesday.

Lululemon shares jumped more than 9% in pre-market trade on Friday, after the company announced its CEO Calvin McDonald will step down.

Lululemon Athletica Inc. (NASDAQ:LULU) stock rose 2.5% following a Bloomberg report that the athletic apparel retailer has partnered with the National Football League and Fanatics Inc. to create NFL team-branded merchandise.

Lululemon(LULU) Athletica handily topped second-quarter earnings estimates, but the stock tanked on a narrow sales miss and the company’s second consecutive cut to full-year guidance.

Lululemon beat Wall Street expectations for fiscal first-quarter earnings Thursday, but cut its full-year earnings guidance, citing a “dynamic macroenvironment.”

Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts.

Lululemon Athletica and Abercrombie & Fitch raised their current-quarter sales targets on Monday, helped by demand for heavily discounted apparel during the holiday season, even as steep promotions took a bite out of some retailers’ margins.

Lululemon facing its slowest quarterly growth in more than four years, will have to deal with Wall Street questions on whether it has made significant strides toward fast-tracking trendier styles to its stores to better compete with athleisure upstarts.

The company now expects full-year net revenue to be between $10.38 billion and $10.48 billion, down from a previous range of between $10.7 billion and $10.8 billion. Lululemon anticipates earnings per share will be in a range of $13.95 to $14.15, down from previous guidance of $14.27 to $14.47.

Lululemon Athletica  posted a strong quarter driven by growth across international markets, alleviating some concerns that demand for its hundred-dollar leggings was plateauing.

Lululemon athletica on Tuesday said it was implementing an new integrated design structure and announced the departure of Chief Product Officer Sun Choe. The apparel company said Choe resigned to pursue another opportunity and will leave the company later this month. Lululemon also said it doesn’t plan to replace the chief product officer role.

Lululemon Athletica Inc.’s stock rallied more than 5% in the after-hours session Friday after S&P Dow Jones Indices said the stock will join the S&P 500 index next week.

Peloton and Lululemon announced a five-year strategic partnership.

Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue spike in China.