lululemon (LULU) Q3 2025 Earnings Call Transcript

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Thursday, December 11, 2025 astatine 4:30 p.m. ET

• Chief Executive Officer — Calvin McDonald

• Chief Financial Officer — Meghan Frank

• Vice President, Investor Relations — Howard Tubin

Howard Tubin: Thank you, and bully afternoon. Welcome to lululemon's 3rd 4th net league call. Joining maine contiguous to speech astir our results are Calvin McDonald, CEO; and Meghan Frank, CFO. Before we get started, I'd similar to instrumentality this accidental to punctual you that our remarks contiguous volition see forward-looking statements reflecting management's existent forecast of definite aspects of lululemon's future. These statements are based connected existent information, which we person assessed but by which its quality is dynamic and taxable to accelerated and adjacent abrupt changes.

Actual results whitethorn disagree materially from those contained successful oregon implied by these forward-looking statements owed to risks and uncertainties associated with our business, including those we person disclosed successful our astir caller filings with the SEC, including our yearly study connected Form 10-K and our quarterly reports connected Form 10-Q. Any forward-looking statements that we marque connected this telephone are based connected assumptions arsenic of today, and we expressly disclaim immoderate work oregon undertaking to update oregon revise immoderate of these statements arsenic a effect of caller accusation oregon aboriginal events. During this call, we volition contiguous some GAAP and non-GAAP fiscal measures.

A reconciliation of GAAP to non-GAAP measures is included successful our quarterly study connected Form 10-Q and successful today's net property release. In addition, the comparable income metrics fixed connected today's telephone are connected a changeless dollar basis. The property merchandise and accompanying quarterly study connected Form 10-Q are disposable nether the Investors Section of our website astatine www.lululemon.com. Before we statesman the call, I'd similar to punctual our investors to sojourn our capitalist tract wherever you'll find a summary of our cardinal fiscal and operating statistic for the 3rd 4th arsenic good arsenic our quarterly infographic.

Today's telephone is scheduled for 1 hour, truthful delight bounds yourself to 1 question astatine a clip to springiness others the accidental to person their questions addressed. And present I would similar to crook the telephone implicit to Calvin.

Calvin McDonald: Thank you, Howard. It's bully to beryllium present with each of you today. In conscionable a fewer minutes, Meghan and I volition supply an overview of our results for the 3rd quarter, our show implicit the Thanksgiving play arsenic good arsenic an updated guidance for the 4th fourth and afloat year. But fto maine statesman with sharing much astir the quality that aft much than 7 astonishing years, I volition measurement down from my relation arsenic CEO of lululemon connected January 31. In my conversations with the Board, we cautiously considered what's up for the institution and for my ain journey.