Lululemon’s Disappointing Outlook Adds Urgency to CEO Search

<p>Watch Scarlet and Paul LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.<br /><br />Market news and in-depth company research.<br /><br />Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu<br /><br />-Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, discusses Lululemon earnings. Lululemon Athletica forecasted a second-straight year of profit declines and its sales forecast missed the average of estimates compiled by Bloomberg.<br /><br />-Mary Ross Gilbert, Bloomberg Intelligence, Senior Equity Analyst, Covering Retail, discusses Macy's earnings. Macy&rsquo;s shares rose after the company forecasted 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.<br /><br />-Diana Gomes, Bloomberg Intelligence Senior Equity Analyst, discusses Unilever &nbsp;considering a separation of its food assets to focus on beauty, personal care and wellbeing brands. The company is studying options such as spinning off the food business as a whole, or keeping some marquee brands while separating the rest.<br /><br />-Diana Rosero Pena, Bloomberg Intelligence Consumer Staples Analyst, discusses General Mills earnings. General Mills reported results for last quarter that missed Wall Street projections, weighed down by a decision to lower prices. The company said sales declines in North America for the current quarter were largely in line with internal expectations after shaving prices across two-thirds of its portfolio and divesting its yogurt business.</p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>