Calvin McDonald will step down as CEO of Lululemon on January 31, 2026, after seven years, as the company reported mixed third-quarter results.Lululemon saw a 7% increase in Q3 revenues to $2.6 billion, driven by strong 33% international growth, despite a 2% decline in the Americas.The company raised its annual profit forecast and expanded its stock buyback program, leading to a rise in
Lululemon shares, with
Marti Morfitt,
Meghan Frank, and
André Maestrini assuming leadership roles during the transition.