Macy’s Delays Earnings After Worker Hid Millions in Expenses
Macy’s Inc. said it would delay its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses.
Macy’s delays full Q3 report over millions in fraudulent expense accounting
Starting in 2021 an employee hid $132 million to $154 million in delivery expenses, a disclosure overshadowing an otherwise decent quarter.
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.
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. The company said it discovered the issue when it was preparing its earnings,
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as $154 million in shipping expenses.
Macy's Says Employee Hid Up To $154 Mn In Costs Over 3 Years
Macy's disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years.
Macy's says an employee hid as much as $154 million in expenses
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error forced the company to delay reporting its third quarter results.
Macy’s Discovers Employee Hid Millions in Delivery Expenses
The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.
Macy’s Reveals Employee Hid $100 Million in Expenses. The Stock Slumps.
It’s Thanksgiving Week, so the only thing we should be thinking about regarding Macy’s is its parade. Instead, the company postponed its quarterly earnings release to complete an investigation after discovering an employee hid up to $154 million in expenses,
Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings
Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue
Macy's Q3 results delayed after employee hides millions in expenses
Macy's M.N on Monday delayed its third-quarter results after finding that an employee hid as much as $154 million in expenses over years, instead issuing preliminary sales figures that fell short of Wall Street expectations.
Macy’s Thanksgiving Day parade route to be chilly, rainy this year
The famous Macy’s Thanksgiving Day Parade in New York City has dazzled countless people for nearly a century, and despite the ...
New York Magazine21h
How Did One Macy’s Employee Hide $154 Million?
Macy’s, Inc. has hit a rough patch in recent years, with 50 locations closing in 2024 alone as the largest department store ...
Macy’s says employee hid up to $154 million in expenses
By MICHELLE CHAPMAN Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an ...
Chicago Sun-Times2h
No arrests following shooting that interrupts holiday celebrations near Loop Macy's, Chicago police say
Several people run moments after a shooting outside a Macy’s in the Loop Nov. 23, 2024. CBS Chicago Share A shooting that ...
Woman shot near Macy’s in downtown Chicago; witnesses speak
Chicago police are investigating after a woman was shot downtown near Macy’s Saturday night. Police said just before 9 p.m., ...
Macy’s stock drops after ‘erroneous’ accounting entries found, leading to delay of quarterly results
Shares of Macy’s Inc. dropped 3.7% in premarket trading Monday, after the department-store chain said it uncovered “erroneous accounting accrual entries,” which will result in the company delaying the ...