---
title: "Lululemon To Join S&P 500, Stock Surges in Response"
url: https://burnaze.com/article/21d739d7-f7d9-4494-b58f-709ff5e3f39b
source: "Athletech News"
original_url: https://athletechnews.com/lululemon-to-join-sp-500-stock-surges-in-response/
author: "Courtney Rehfeldt"
category: "Gym & HVLP"
industry: "Fitness"
segment: "Gym & HVLP"
published: 2023-10-16T21:18:01.000Z
modified: 2026-10-31T18:00:08.214Z
image: https://athletechnews.com/wp-content/uploads/2023/10/Lululemon.webp
---

# Lululemon To Join S&P 500, Stock Surges in Response

**TL;DR:** Lululemon's stock rose over 10% after it was announced that the activewear giant will be added to the S&P 500 index, replacing Activision Blizzard. The company's market cap is approximately $50 billion.

*By Courtney Rehfeldt, originally published in Athletech News on 2023-10-16. [Read the original](https://athletechnews.com/lululemon-to-join-sp-500-stock-surges-in-response/).*

## Key facts

- Lululemon joins S&P 500
- Stock rises over 10%
- Market cap approximately $50 billion

## Story

Lululemon’s stock rose over 10% Monday after it was announced that the activewear giant will be added to Wall Street’s S&P 500 index, replacing Activision Blizzard.

LULU will start trading in the index on Wednesday.

News of Lululemon joining the S&P 500 caused the activewear brand’s stock price to hit its highest level since December 2021. LULU is now up nearly 30% year-to-date.

Companies joining the index, which represents 500 of the largest publicly traded companies listed in the U.S., must meet certain criteria, including a market cap of $14.5 billion or more. As of Monday, Lululemon’s market cap was approximately $50 billion.

## Apparel and fitness

The activewear brand recently made headlines for joining forces with Peloton, becoming the provider of Peloton-branded apparel in exchange for the connected fitness company creating exclusive digital fitness content for Lululemon Studio. Together, the two companies hope to reach a combined 20 million members and guests in its five-year global partnership.

As part of the deal, Lululemon tossed its connected fitness dreams (and its $500 million Mirror) to the curb, announcing it would discontinue the device before the end of the year.

## Retail partnerships

Despite its content deal with Peloton, the athleisure brand recently reaffirmed its ongoing retail partnership with boutique fitness franchisor Xponential Fitness.

The Vancouver-based activewear company reported strong Q2 earnings, opening ten new stores and seeing revenue increase 18% to $2.2 billion.

## Entities

- Retail (sector)
- Athletech News (publication)
- Courtney Rehfeldt (person)
- Xponential Fitness (company)
- Peloton (company)
- Lululemon (company)
- stock market (topic)
- retail partnerships (topic)
- Activision Blizzard (company)
- S&P 500 (regulator)
- market capitalization (topic)
- activewear (topic)

---
Originally reported by Courtney Rehfeldt, Athletech News (https://athletechnews.com/lululemon-to-join-sp-500-stock-surges-in-response/). Summarized by Burnaze (https://burnaze.com/article/21d739d7-f7d9-4494-b58f-709ff5e3f39b).