Lululemon Plunges 20% on Weak China, US Sales — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Lululemon shares plunged 17-20% on Sept. 4 after the company reported weak sales across both its China and North America markets and slashed its outlook
- CNBC pegged the drop at 20% on disappointing earnings and outlook, while Yahoo Finance's market wrap recorded a 17% plunge following the guidance cut
Why it matters: Lululemon's simultaneous weakness in China and North America — two of its largest markets — caught investors off guard, and the 17-20% single-day selloff reflects a sharply reduced confidence in the retailer's near-term trajectory.
Ask SkimNews
