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Stock impact report

Lululemon's CEO Switch and the Perception of Reality [Yahoo! Finance]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
Company Research Source: Yahoo! Finance
There's the business they run, which in fashion always has all of the inevitable foibles. And then there's the vision that they conjure and sell — to their boards, to analysts, to investors, to everyone. More from WWD Calvin McDonald Is Out at Lululemon Celeste Burgoyne Exits Lululemon After 19 Years, Brand Reshuffles Top Management Lululemon Launches New Store Concept in SoHo The sales pitch is about growth and building up the brand. The rest of the job is about getting that reality to sync up. Calvin McDonald, the suddenly outgoing CEO of Lululemon Athletica Inc., has been a master of promising — and then delivering — the moon. Not just once, but over and over. Revenues at the athleisure brand are on track to triple during his seven-year run, hitting $11 billion by the time he leaves next month. Net income ballooned to $1.7 billion as margins on earnings before interest and taxes expanded from 18.7 percent just before he joined to 22 percent during the past 12 months, Show less Read more
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