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Lululemon Shares Rally After Hours as CEO Plans Exit. Does the Market Expect a Strategy Shift?
The Motley Fool· 2025-12-12 08:18
CEO Calvin McDonald is stepping down after a dismal year for the stock.Lululemon Athletica (LULU 0.35%) closed out a tumultuous year on Thursday, announcing in its third-quarter earnings report that Calvin McDonald would be departing as CEO on Jan. 31, 2026.The company also showed off better-than-expected results in the Q3 report, though profits fell, and its guidance for the key holiday quarter missed the mark. At least part of the stock's 11% surge after hours seemed to be a response to the change in the ...