Lululemon: Outlook 2024

Lululemon’s CEO, Calvin McDonald, will be stepping down in January after nearly seven years, as the company faces challenges in the US market and increased competition. Despite this, Lululemon’s shares rose by approximately 7% due to stronger international sales and a $1 billion stock buyback increase. The company revised its annual revenue forecast upwards to between $10.962 billion and $11.047 billion and expects annual profit between $12.92 and $13.02 per share, while also anticipating a $210 million income hit from tariffs in 2025.