Stock Movers Macy’s Rises on Sales Outlook; General Mills Misses Expectations; Lululemon Falls on Sales Outlook
Mar 18, 2026
Retail wins and losses: a department store surprises with stronger sales and wealthier shoppers driving momentum. A packaged-food maker falls short as consumers shift toward fresher, cheaper options. An athletic apparel company warns on revenue and faces leadership questions amid investor pressure.
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Macy's Gains From Higher-Income Shoppers
- Macy's fiscal year is off to a solid start as middle- and higher-income households continue spending, lifting same-store performance and Bloomingdale's traffic.
- Macy's CEO said they're even benefiting from Saks' bankruptcy with some shoppers migrating to Bloomingdale's, though lower-income customers remain pressured.
Packaged Foods Facing Demand Shift
- General Mills missed Wall Street expectations as weaker demand forced price reductions across packaged-food peers.
- Consumers are trading down and favoring fresher, less processed options, pressuring brands like General Mills and Kraft Heinz.
Hosts Joke About Cereal Color and Preferences
- The hosts bantered about cereal colors and personal preferences, highlighting cultural attachment to brands like Cheerios and Trix.
- Alexis and the other host joked about switching to oatmeal or not being cereal people, adding light context to the General Mills discussion.