US Stock Market Move | Q3 performance exceeds expectations: Lululemon Athletica (LULU.US) surges over 10% in pre-market trading.

On Friday, Lululemon Athletica (LULU.US) surged more than 10% in pre-market trading to $207.23. In terms of news, Lululemon announced its financial performance for the third quarter of the 2025 fiscal year, with revenue increasing by 7% to $2.6 billion. Comparable store sales grew by 1%, or 2% on a fixed exchange rate basis. Diluted earnings per share were $2.59. The company added 12 new company-owned stores during the quarter, bringing the total to 796 stores by the end of the quarter. Additionally, the company announced that Calvin McDonald will step down as CEO next year. Chief Financial Officer Meghan Frank said, "Thanks to the company's rigorous execution and strong performance in international business, the company exceeded expectations in revenue and earnings per share for the third quarter. Looking ahead, the company will continue to leverage its strong financial position to invest in growth initiatives while maintaining operational rigor. Furthermore, the company's board recently increased its share repurchase authorization, reflecting the company's collective confidence in the brand's future opportunities, which the company is excited about."