Lululemon Athletica reported strong Q3 FY2025 results, beating analyst expectations with diluted EPS of $2.59 and net revenue rising 7% to $2.6 billion, prompting the company to raise its full-year guidance.
- The board approved a $1 billion increase to the stock repurchase program, bringing the remaining authorization to about $1.6 billion.
- International net revenue surged 33%, partially offsetting a 2% decline in the Americas net revenue.
- The company announced CEO Calvin McDonald will step down effective January 31, 2026, while LULU shares climbed 11.56% in extended trading to $208.62.