Lululemon Plunges 20% on Weak China, North America Sales — SkimNews
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- Lululemon shares tumbled on weak sales in China and North America, its two anchor markets
- The stock (NASDAQ:LULU) plunged 20% on disappointing quarterly earnings and forward outlook
- Jim Cramer characterized the situation as 'Self Destruction' in coverage of the results
Why it matters: Lululemon's 20% single-session plunge came from simultaneous sales weakness in both China and North America, with Jim Cramer calling it 'Self Destruction' — highlighting how severely the quarter missed expectations across both anchor markets.
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