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Macy’s Rises on Sales Outlook; General Mills Misses Expectations; Lululemon Falls on Sales Outlook
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Macy’s (M) shares rose after the company forecast stronger-than-expected sales in the current quarter, a sign that its fiscal year is off to a solid start as middle- and higher-income households continue to spend.
- General Mills (GIS) reported results for last quarter that missed Wall Street expectations, weighed down by lower prices and weaker demand from consumers facing more economic stress.
- Lululemon (LULU) shares fall after the retailer forecast net revenue for the full year that was largely below the average analyst estimate. Analysts highlight the company’s need to find a new CEO to support the struggling retailer’s turnaround efforts.
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