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News
Friday, December 12, 2025
What’s happening: Shares of Lululemon Athletica jumped in Thursday’s extended trading session, after the company reported its third-quarter results.
What happened: The company reported better-than-expected sales and earnings for the quarter.
Lululemon also raised its 2025 guidance.
How were the results: The Vancouver, Canada-based company reported single-digit sales growth for the third quarter.
Why it matters: Lululemon’s stock has shed around 61% over the past two years with the company losing ground to brands like Alo Yoga and private-label replicas.
During the third quarter, the company focused on making improvements in the US business and increasing momentum in the international business. “We are beginning to make progress against our action plan and continue to expect to see the impact of this work in 2026,” CEO Calvin McDonald said.
Net revenues in the Americas fell 2% in the quarter, while international net revenues jumped 33%.
Lululemon made a solid start to the all-important holiday season with strong Black Friday sales.
The company announced that its board had authorised a massive $1 billion increase to its share buyback plan.
Lululemon also said that Calvin McDonald will step down as CEO effective January 31, 2026. CFO Meghan Frank and CCO André Maestrini will serve as co-interim CEOs, while the company searches to fill the position.
Management raised their 2025 revenue guidance to $10.96-$11.05 billion, from their previous outlook of $10.85-$11.00 billion, and their earnings forecast to $12.92-$13.02 per share, from their previous projection of $12.77-$12.97 per share.
How shares responded: Lululemon’s shares jumped 10.7% to $206.97 in after-hours trading on Thursday following the release of quarterly results. The stock has lost around 50% year to date.
What to watch: Investors will continue monitoring the holiday season sales, with the company looking to invest in marketing during the fourth quarter to build brand awareness and drive traffic.
Context: The Japanese yen slipped against the US dollar this morning as investors assessed the Bank of Japan’s policy outlook.
Details: The Federal Reserve cut its benchmark interest rate by 25 bps at its meeting earlier this week, exerting pressure on the US dollar.
However, the greenback rebounded slightly this morning and weighed on the Japanese yen. The US dollar index, which measures the greenback’s performance versus a basket of major peers, edged higher to 98.38 this morning.
Meanwhile, investors in Japan remained cautious ahead of the Bank of Japan’s monetary policy meeting next week. Markets widely expect the central bank to hike interest rates after Governor Kazuo Ueda said that the inflation rate is moving closer to the bank’s target.
Data released on Thursday showed Japan’s Business Survey Index for large manufacturers rose to 4.7% in the fourth quarter, from 3.8% in the previous quarter, hitting the strongest level this year.
However, concerns around slower economic growth and fiscal challenges weighed on the yen.
The USD/JPY pair rose around 0.1% to 155.69 this morning.
What to watch: Investors await the release of data on Tankan large manufacturers index (0350 UAE Time), Tankan large non-manufacturing index (0350 UAE Time) and Tankan small manufacturers index (0350 UAE Time) from Japan on Monday.
The Bank of Japan’s index for large manufacturers, which rose to 14 in the third quarter from 13 in the previous quarter, is expected to climb further to 15 in the fourth quarter. Analysts expect non-manufacturing PMI to surge to 39 in the fourth quarter, from 34 points in the third quarter. Small business sentiment is projected to rise to 2 points in the fourth quarter, from a reading of 1 in the previous quarter.
Other Markets: European indices closed higher on Thursday, with the FTSE 100, DAX 40, CAC 40 and STOXX Europe 600 up by 0.49%, 0.68%, 0.79% and 0.55%, respectively.
Ukraine said that its drones hit two chemical plants in the Novgorod and Smolensk regions of Russia. The news sent the USD/RUB pair higher in forex trading this morning.
New Zealand’s electronic card transactions climbed 1.2% to NZ$7.01 billion in November, lending support to the NZD/USD forex pair.
South Korea’s import prices surged 2.2% year-over-year in November, after a 0.5% gain in the previous month, which sent the USD/KRW pair higher in forex trading this morning.
Argentina’s consumer prices rose 2.5% in November, after a 2.3% rise in October. The latest reading coming in above market expectations of 2.4% lent support to the USD/ARS forex pair.
Canada recorded a trade surplus of C$0.15 billion in September, versus a deficit of C$6.3 billion in the same month last year. The latest reading also came in above market expectations of C$4.5 billion, which sent the USD/CAD pair slightly lower in forex trading this morning.
Spain’s inflation rate (1200 UAE Time), South Africa’s inflation expectations (1330 UAE Time), India’s inflation rate (1430 UAE Time), bank loan growth (1530 UAE Time), deposit growth (1530 UAE Time) and foreign exchange reserves (1530 UAE Time), Mexico’s industrial production (1600 UAE Time), Germany’s current account (1700 UAE Time), Russia’s balance of trade (1700 UAE Time) and GDP growth rate (2000 UAE Time), Canada’s building permits (1730 UAE Time), capacity utilization (1730 UAE Time), new motor vehicle sales (1730 UAE Time) and wholesale sales (1730 UAE Time), as well as US Baker Hughes oil rig count (2200 UAE Time) and Baker Hughes total rigs count (2200 UAE Time).
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