Lululemon Athletica Pops 5%: Board Shakeup and Earnings Beat Lift the Stock in a Falling Market
Chip Bergh will replace longtime director David Mussafer as part of lululemon's board refreshment, marking five new independent directors in five years, the company said.
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Lululemon Athletica Pops 5%: Board Shakeup and Earnings Beat Lift the Stock in a Falling Market
Quick Read Lululemon Athletica (LULU) reported Q4 revenue of $3.64B, beating the $3.58B estimate, and full-year fiscal 2025 EPS of $13.26 beat consensus of $13.03, though gross margin contracted 550 basis points and North American revenue fell 4% year over year. The company appointed Chip Bergh, former Levi Strauss CEO, as an independent director, adding retail expertise to its board amid a CEO search following Calvin McDonald’s departure. Lu…
Chip Bergh Joins lululemon Board of Directors
VANCOUVER, British Columbia -- lululemon athletica inc. (NASDAQ:LULU) today announced the appointment of Chip Bergh, former President and Chief Executive Officer of Levi Strauss & Co., to its Board of Directors, effective immediately. With this addition, lululemon has added five new independent directors to the Board in the last five years, reflecting the Board's commitment to ongoing refreshment.
Lululemon founder Chip Wilson says 'deficiencies remain' even after board shakeup – Energeticcity.ca
Lululemon Athletica Inc.’s founder says Tuesday’s announcement that a longtime board member won’t stand for re-election is “a step in the right direction,” but his replacement is “underwhelming.” Chip Wilson is pleased David Mussafer will step away from the Vancouver-based apparel retailer’s board after 14 years but said Wednesday that he still feels “glaring governance deficiencies remain.” For starters, Wilson said the board still has three di…
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