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Lululemon

All articles tagged with #lululemon

business2 days ago•0 min saved

Lululemon hires Athleta CEO Maggie Gauger as new chief product officer amid executive overhaul

Lululemon has appointed Maggie Gauger, the former CEO of Athleta, as its new president and chief product officer, a role created specifically for her. The move follows the recent arrival of CEO Heidi O’Neill and coincides with the departure of two other senior executives. Lululemon is also seeking new leaders for brand, communications, and technology roles, signaling a broad restructuring effort to address recent sales declines and competitive pressures in the athleisure market.

via CNBC|

#athleta #business #executive-changes

business1 month ago•334 min saved

New CEO at Lululemon faces uphill climb to restore momentum

Lululemon’s incoming CEO Heidi O’Neill takes the helm amid a brutal quarter: North America sales fell 12%, the full-year outlook was cut again, and shares hit an eight-year low after about a 20% plunge. The brand is losing heat as leggings sales dropped about 20%, and a China promo that used a Japanese drum sparked backlash and hurt momentum. Analysts say the company faces a crowded, competitive activewear market and a drifting brand image; O’Neill must reorient product, marketing and international growth to win back younger shoppers who are flocking to Alo, FP Movement and Vuori. Investors will be looking for a clear turnaround plan centered on stronger product innovation, tighter assortment, and disciplined discounting to stabilize and regrow growth.

via CNN|

#athleisure #business #competition

business1 month ago•5 min saved

Lululemon Founder Faces Potential 50-50 Divvy Without a Prenup

Billionaire Lululemon founder Chip Wilson and wife Shannon Summer Wilson are divorcing in British Columbia without a prenuptial agreement. In BC, assets brought into the marriage aren’t shared, but any growth in value during the marriage becomes “family property” and is presumptively split 50-50, unless pre-marriage assets can be proven. The outcome could significantly affect Wilson’s multi‑billion fortune (roughly $5–6 billion), given his Lululemon stake, Amer Sports holdings, real estate, and a family office, though the sealed proceedings limit details on exactly which assets are in play. Spousal support could also be a factor in high-net-worth Canadian divorces.

via New York Post|

#business #canada #divorce

world-news1 month ago•10 min saved

Divorce Sparks Scrutiny of Chip Wilson’s $6B Lululemon Empire

Lululemon founder Chip Wilson is divorcing his wife Shannon after 24 years without a prenuptial agreement; the split could reshape roughly $6.1 billion in assets, including Wilson’s near-18% stake in Amer Sports and about 8.6% of Lululemon, with family proceedings filed in British Columbia dating back to 2024.

via ndtv.com|

#amer-sports #chip-wilson #divorce

business1 month ago•3 min saved

Lululemon Founder Chip Wilson Divorces After 20 Years Without Prenup

Lululemon founder Chip Wilson, a $6.1 billion billionaire, is divorcing his wife of 20 years, Shannon ‘Summer’ Wilson, with no prenuptial agreement in place. The couple’s British Columbia Supreme Court filings, first filed in April, are sealed amid ongoing family litigation. Wilson remains a major shareholder, owning about 8.6% of Lululemon (roughly $1 billion), while Shannon, founder of Kit and Ace, holds about 1% (~$100 million).

via New York Post|

#billionaire #business #chip-wilson

stocks1 month ago•19 min saved

Lululemon’s delayed leadership helps explain its stock slide

Yahoo Finance argues Lululemon’s stock decline stems from a bungled leadership transition: CEO Heidi O’Neill’s start date was pushed to Sept. 8, leaving interim co-CEOs to steer through inventory issues and missteps that have eroded market share to newer brands. The company posted weak Q2 results and slashed full-year guidance, forecasting a 10%–11% revenue drop and a 20% plunge in leggings sales, contributing to a roughly 20% drop on the day and a 42% decline this year as analysts warn a long turnaround may be needed.

via Yahoo Finance|

#ceo #earnings #guidance

finance1 month ago•9 min saved

Lululemon slides on weak China and North America sales, trims full-year outlook

Lululemon Athletica Inc. shares fell about 17% after a softer Q2: revenue $2.4 billion (-4% YoY) and comparable sales down 9%, prompting a cut to full-year revenue guidance to $10.35–$10.5 billion and EPS of $9.48–$9.73 (the Q2 EPS was $2.92, aided by a $0.86 tariff-refund benefit). Gross margin rose to 60.5% thanks to tariff refunds, but operating income declined 13% to $453.7 million. Third-quarter guidance of $2.29–$2.32 billion in revenue and $0.93–$0.98 in EPS also came in below expectations. The weakness was driven by China comps down ~8% and North America down ~12% (leggings down ~20%), with analysts like Bank of America noting little clear inflection point yet.

via Yahoo! Finance Canada|

#china #earnings #finance

finance1 month ago•18 min saved

Lululemon Drops as Tariff Refunds Mask Sales Slump

Lululemon’s stock fell about 18% premarket after Q2 revenue of $2.42 billion, down 4% year-over-year and comps down 9%, with diluted EPS of $2.92 vs. $3.10 a year ago. A tariff refund of $134.5 million boosted margins, helping to lift gross and operating margins, but Americas revenue fell 8% while international was up 4%. Operating income declined 13% and margins tightened. Full-year revenue guidance was cut to $10.35–$10.50 billion with EPS guidance of $9.48–$9.73; third-quarter revenue guidance sits at $2.29–$2.32 billion. Incoming CEO Heidi O’Neill is set to start next week.

via finance.yahoo.com|

#earnings #finance #guidance

finance1 month ago•18 min saved

Burry Bets on Lululemon Dip After Weak Q2 Results

Michael Burry still holds about 17% of Lululemon (LULU) and says he could add to the position if the stock sinks below $100, following a fiscal Q2 miss and reduced full-year guidance that sent LULU lower. He described the company as a “trickster” but noted he often adds to positions on declines or exits them, with his GuruFocus-linked stake highlighting the emphasis. The earnings setback is blamed on weaker China demand and rising U.S. competition, while interim co-CEO Meghan Frank says management is focusing on product development, higher marketing investment and expense control to restore growth.

via Yahoo Finance|

#earnings-miss #finance #lululemon

finance1 month ago•20 min saved

Burry Bets Big on Lululemon Despite Slump, Says He’ll Buy More Under $100

Lululemon stock sank about 18% after-hours following a disappointing Q2 (revenue down 4%, comparable sales down 9%, full-year guidance cut). Michael Burry still backs the name, calling LULU a “trickster” in his portfolio but saying he’ll add to the position if shares stay below $100, keeping LULU as his largest holding (roughly 17% of his portfolio) and emphasizing patience despite volatility.

via Yahoo Finance|

#finance #investment-strategy #lululemon

finance1 month ago•10 min saved

Lululemon slides on weak guidance despite earnings beat

Lululemon beat Q2 on adjusted EPS ($2.92, aided by $0.86 tariff refunds) but revenue fell 4% to $2.40B, missing estimates; comparable sales dropped 9% (Americas -12%, international -3%). For Q3, management guides revenue of $2.29B–$2.32B and EPS of $0.93–$0.98, well below consensus, and full-year 2026 revenue of $10.35B–$10.50B with EPS of $9.48–$9.73, also below expectations. Gross margin rose to 60.5% due to tariff refunds, while operating margin declined to 18.8%. The weak guidance sparked roughly a 15% drop in LULU shares.

via Yahoo Finance|

#earnings-beat #finance #guidance-cut

finance1 month ago•18 min saved

Lululemon sinks on weaker outlook as revenue declines

Lululemon shares fell after-hours after the company cut its fiscal 2026 guidance as revenue declined 4% in Q2 to $2.4 billion and comparable-store sales dropped 9%. The retailer now expects full-year net revenue of $10.35–$10.5 billion and adjusted EPS of $9.48–$9.73, citing challenging dynamics while preparing to install Heidi O’Neill as CEO; the softer outlook prompted the stock move.

via Yahoo Finance|

#earnings #finance #forecast

business1 month ago•2 min saved

Lululemon slides on Q2 miss as new CEO prepares to take the helm

Lululemon posted a disappointing Q2 with revenue down 4% to $2.42 billion and comparable-store sales down 9%, prompting it to cut its full-year guidance. For Q3, management expects revenue of $2.29-$2.32 billion and 93–98 cents in earnings per share; for the full year, revenue is forecast at $10.35-$10.5 billion and EPS of $9.48-$9.73, aided slightly by tariff refunds. Net income was $329.2 million ($2.92 per share) on revenue of $2.42 billion; gross profit fell 1% to $1.5 billion, though gross margin rose 5.6% thanks to a $134.5 million tariff refund. Interim CEO Meghan Frank cited negative social-media commentary and slower demand in core categories like leggings, while the company focuses on new styles and tighter inventory ahead of Heidi O’Neill taking the CEO role next week. Shares slid about 15% on the news.

via CNBC|

#apparel #business #earnings

shopping1 month ago•42 min saved

Lululemon We Made Too Much: bag slashed to $59 with 10 more steals

Yahoo Canada Style highlights 11 top Lululemon We Made Too Much deals this week, led by the City Essentials Small Shoulder Bag 3L for $59 (usually $88) and featuring a mix of bags, jackets, pants, and accessories with prices ranging from $39 to $149; many picks are under $100, including the Dual Pouch Wristlet ($39), Zeroed In Linerless Short 7" ($49), Align Tank Top ($54), Pace Breaker Jogger ($99), and more.

via Yahoo Lifestyle Canada|

#city-essentials-small-shoulder-bag-3l #dual-pouch-wristlet #lululemon

business4 months ago•16 min saved

Lululemon Q1 2026: Revenue Rises 4%, Margin Pressure, Lower Full-Year Outlook

Lululemon reported its first quarter of fiscal 2026 with net revenue of about $2.47B, up 4% year over year (2% in constant dollars), as international sales grew 22% while Americas declined 3%. Gross profit fell 3% to about $1.34B and gross margin declined to 54.2%, with operating income down 37% to roughly $276.9M and diluted EPS of $1.69. The company repurchased 2.2 million shares for $358.3M, ended the quarter with about $1.515B in cash, and inventory rose 2%. For Q2 2026, guidance is net revenue of $2.45–$2.475B and EPS $1.76–$1.81; for the full year 2026, net revenue is guided to $11.00–$11.15B and EPS $10.95–$11.15, assuming ~30% tax rate and excluding tariff refunds or additional buybacks. A conference call was scheduled for today.

via Lululemon|

#business #earnings #guidance