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9.61607808254528E-05 2.40401952063632E-05 -0.00469985816284824 -0.00925547515445831 -0.0144962377094503 -0.0144962377094503 -0.0144962377094503 -0.0144962377094503
Stock impact report

Why is Lululemon CEO Calvin McDonald stepping down? [Globe and Mail, The (Toronto, Canada)]

lululemon athletica inc. (LULU) 
Last lululemon athletica inc. earnings: 3/26 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lululemon.com
McDonald will be leaving his role in January, following investor and analyst concerns about the company's growth prospects. DARRYL DYCK/The Canadian Press Mr. McDonald helped secure Lululemon's position as a dominant player in athleisure. The company's revenue nearly tripled during his time as CEO, from US$3.28-billion in fiscal 2019 to US$9.61-billion in 2024. Analysts and investors, however, have grown concerned about the company's long-term growth prospects, leading its share price to be cut in half since the start of the year. Here's what to know about Mr. McDonald, his decision to step down, and what it means for the company. Who is Calvin McDonald? When Calvin McDonald took over as Lululemon CEO in August, 2018, the retailer was growing fast, particularly in the U.S. Mr. McDonald, a London, Ont., native, arrived with a wealth of retail experience, having recently served as head of the Americas division for cosmetics retailer Sephora. Open this photo in gallery: M Show less Read more
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