The company said net revenue for Q3 2025 (ended November 2) increased 7% to $2.6 billion, and diluted earnings per share were $2.59, compared with $2.87 a year earlier. Income from operations decreased 11% to $435.9 million, and operating margin was 17.0%.

1. 01

   The company said net revenue for Q3 2025 (ended November 2) increased 7% to $2.6 billion, and diluted earnings per share were $2.59, compared with $2.87 a year earlier. Income from operations decreased 11% to $435.9 million, and operating margin was 17.0%.

2. 02

   Lululemon said Americas net revenue for Q3 decreased 2%, while International net revenue increased 33%. Comparable sales decreased 5% in the Americas and increased 18% in International.

3. 03

   The company said it repurchased 1.0 million shares of common stock for $189.0 million in Q3, and that on December 3 its board of directors increased the stock repurchase program by $1.0 billion. As of December 11, including the increase, about $1.6 billion remained authorized under the program.

4. 04

   Lululemon said Calvin McDonald will step down as Chief Executive Officer effective January 31, 2026, and that Meghan Frank and Andre Maestrini will serve as interim co-Chief Executive Officers from the same date. The company said its board has formed a search committee to find a permanent CEO.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.