10 Big Names Leaving Wall Street in the Dust; 4 at Fresh Highs

3. Lululemon Athletica Inc. (NASDAQ:LULU)

Lululemon jumped by 9.60 percent on Friday to close at $204.97 apiece as investors cheered a flurry of developments, including an upbeat outlook, buyback program, and key leadership changes in the company.

In its earnings call on the same day, Lululemon Athletica Inc. (NASDAQ:LULU) said that it expects revenues for the full year to be in the range of $10.962 billion to $11.047 billion, or an implied growth of 4 to 6 percent year-on-year.

It also projects diluted earnings per share to be at $12.92 to $13.02.

For the fourth quarter alone, revenues are targeted at $3.5 billion to $3.585 billion, with diluted EPS of $4.66 to $4.76.

The outlook followed Lululemon Athletica Inc.’s (NASDAQ:LULU) earnings performance in the third quarter of the year, where it narrowed its net income by 12.8 percent to $306.8 million from $351.87 million in the same period last year.

Net revenues, on the other hand, increased by 7 percent to $2.56 billion from $2.4 billion year-on-year.

In other developments, Lululemon Athletica Inc. (NASDAQ:LULU) said that it is currently in search for the next CEO after Calvin McDonald announced plans to step down from his post and as a member of the Board of Directors effective January 31, 2026.

In the meantime, incumbent Chief Finance Officer Meghan Frank and Chief Commercial Officer André Maestrini would serve as co-CEOs.

The company also expanded the role of Marti Morfitt as the new executive chairman, in addition to being the chairman of the board, effective immediately.

Also on Friday, the listed firm announced plans to repurchase $1 billion worth of its shares in a bid to provide greater value to its shareholders.