Lululemon Athletica Inc. (NASDAQ:LULU) saw a 9.60% surge in stock price on Friday, closing at $204.97, thanks to an optimistic outlook, buyback program, and leadership changes. The company expects full-year revenues between $10.962 billion to $11.047 billion, signaling 4-6% growth. Diluted EPS is projected at $12.92 to $13.02. For Q4, revenues are targeted at $3.5 billion to $3.585 billion, with diluted EPS of $4.66 to $4.76.

Following a 12.8% drop in net income in Q3, Lululemon Athletica Inc. reported a 7% increase in net revenues, reaching $2.56 billion year-on-year. The company is searching for a new CEO after Calvin McDonald announced his resignation, effective January 31, 2026. In the interim, Meghan Frank and André Maestrini will serve as co-CEOs, with Marti Morfitt expanding her role as executive chairman. LULU also plans to repurchase $1 billion worth of shares to benefit shareholders.

Read more at Yahoo Finance: Lululemon (LULU) Soars 9.6% on Upbeat Outlook, Leadership Reshuffle