Lululemon Q3 2025 Earnings Beat Estimates as CEO Calvin McDonald Announces Exit and Buyback Swells by $1 Billion
Lululemon reported Q3 2025 revenue of $2.57–$2.6 billion, up 7% and above forecasts, but net income fell to $307 million from $352 million a year earlier. CEO Calvin McDonald will step down in early 2026. Gross margin dropped to 55.6% amid tariffs and weaker U.S. demand. The board expanded its share buyback authorization by $1 billion.