Lululemon Athletica said on Thursday that its chief executive officer Calvin McDonald will step down from the top job ⁠effective January 31, after about seven years ⁠at the helm. The company is searching for its new CEO, it added.

The company also raised its annual revenue and profit ‍forecasts betting ​on a recovery in demand for ‍its new sportswear launches in the United ⁠States. Its net revenue in the third quarter increased 7 percent to $2.6 billion, driven by strong international demand, while sales in the Americas fell 2 percent.

Lululemon’s shares were up ‍nearly 5 percent in extended trading after it also approved a $1 billion increase ‍to its share repurchase program.

The ‍yogawear ‌retailer now expects annual revenue between $10.962 ‌billion and $11.047 billion, compared ​with ‍its prior forecast of $10.85 billion to $11 billion.

Lululemon now expects annual profit between $12.92 and $13.02 per share, compared with ‌previous expectations of $12.77 to $12.97 apiece.

Learn more:

This Week: Lululemon’s Low Expectations; A Potential Tariff Surprise

The athleisure giant has struggled this year, but there are bright spots. And the US Supreme Court may or may not issue its decision on Trump’s tariffs.