Lululemon Stock Soars After CEO Calvin McDonald Announces Departure
In a surprising move that sent Lululemon shares up by approximately 10% in extended trading, the athletic apparel company has announced that its CEO, Calvin McDonald, will step down from his position, effective January 31, 2026. This shift in leadership comes amidst a challenging consumer environment, particularly in the U.S. market, where the brand is facing increased competition. The announcement was made alongside an optimistic boost in the company's annual profit forecast, which has been a significant driver in the positive market response. Despite the turbulence, Lululemon's strategic...
