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Macy's Delays Q3 Earnings

Newsweek on MSN · 1d

Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses

An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.

Hosted on MSN · 16h

Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings

Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years.

YAHOO!Finance · 6h

Macy’s delays Q3 2024 earnings after employee concealed $154m delivery expenses

The company said that a single employee "intentionally" made incorrect accounting entries from the fourth quarter of 2021 (Q4 2021) through Q3 2024.

Macy’s uncovers shocking $154M hidden expense scheme

Macy’s, one of the leading retail giants in the United States, has recently made headlines after revealing a significant ...

1d

Macy's Battles Back: Q3 Gains Marred by $154M Accounting Scandal Ahead of Holiday Season

Early sales growth sparks hope, but a $154M bookkeeping fiasco leaves investors uneasy ahead of December's full report.

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