Lululemon announced CEO Calvin McDonald will depart January 31, 2026. The athleisure brand reported third-quarter revenue of $2.6 billion, up 7% YoY and above estimates. Earnings per share were $2.59, beating expectations. Full-year revenue is projected at $10.96 billion–$11.05 billion. International sales rose 33%, but Americas revenue fell 2%. The leadership change follows pressure from founder Chip Wilson. CFO Meghan Frank and CCO André Maestrini will serve as interim co-CEOs. Tariffs are expected to reduce annual profits by $240 million. The board authorized an additional $1 billion share buyback program.