Jim Cramer Says Lululemon (LULU) is in “No Man’s Land” After Another Brutal Quarter
Yahoo Finance
Jim Cramer expressed significant concerns about Lululemon (LULU), stating it has fallen from a premier growth stock to a "thoroughly broken stock and maybe... a broken company." This follows a "brutal quarter" where revenue and comparable sales declined, and the company cut its full-year forecast. Cramer highlighted increased competition in the athleisure market and execution issues, advising investors not to buy the stock despite its lower valuation, calling it a "turnaround situation" stuck in
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