Lululemon shares tumble 12% after former Nike exec named new CEO [Yahoo! Finance Canada]
lululemon athletica inc. (LULU)
Last lululemon athletica inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance Canada
The Vancouver-based company's shares were trading on the Nasdaq for about US$144 around mid-afternoon. BNP Paribas Equity Research senior analyst Laurent Vasilescu says the share price drop is a sign that the market is disappointed Lululemon chose former Nike executive Heidi O'Neill as its next CEO. He says O'Neill is more of a growth CEO and many feel Lululemon is in need of a turnaround executive instead. However, Neil Saunders, managing director at consulting and analytics firm GlobalData, thought she's a good choice because she has experience in activewear and has sat on the boards of many customer service-focused companies. O'Neill will start Sept. 8. She is likely to face immediate pressure from shareholders, including estranged founder Chip Wilson, who have been lobbying for their own CEO and board member picks, claiming the company needs to better address its lower share price and many competitors. This report by The Canadian Press was first published April 23, 2026
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LULU
News
- Bangladesh’s $39B Garment Industry Faces Next Test: Moving Beyond Low Cost-Manufacturing [Forbes]Forbes
- Lululemon shares drop after CEO change amplifies ongoing brand reset efforts [Yahoo! Finance]Yahoo! Finance
- Lululemon shares fall after hiring ex-Nike executive Heidi O'Neill as CEO [Yahoo! Finance]Yahoo! Finance
- Lululemon names Nike vet Heidi O'Neill CEO [Yahoo! Finance]Yahoo! Finance
- Lululemon taps former Nike executive to be next CEO [Yahoo! Finance]Yahoo! Finance
LULU
Earnings
- 3/17/26 - Beat
LULU
Sec Filings
- 4/22/26 - Form DEFA14A
- 4/22/26 - Form DEFA14A
- 4/22/26 - Form DEFA14A
- LULU's page on the SEC website