Macy’s Delays Earnings After Employee 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. An employee “intentionally” made erroneous accounting accrual entries to hide about $132 million to $154 million of cumulative delivery expenses stretching over multiple years,
Macy's delays earnings to complete investigation into a worker hiding over $130 million in expenses
Macy's postponed its Q3 earnings after an investigation revealed that an employee concealed between $132 million and $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 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 Stock Slips After Error Leads to Q3 Earnings Delay
Macy's shares moved lower Monday morning after the retailer unexpectedly posted preliminary results for the third quarter, and said its official report for the quarter would be delayed following an investigation into an accounting issue.
Macy's Delays Earnings After Finding Employee Hid Million in Expenses; Stock Falls
Macy’s delayed its quarterly earnings after discovering an accounting employee had hidden up to $154 million in expenses over several years. Shares fell more than 2% in premarket trading. Read more:
Macy’s says employee hid up to $154 million in expenses, delays third quarter earnings
The department store chain, which also operates Bloomingdale's and Bluemercury cosmetics chain in addition to its namesakes stores, was expected to report quarterly results on Tuesday.
Macy's says employee hid up to $154 million in expenses, delays reporting third-quarter earnings
NEW YORK (AP) — Macy's says employee hid up to $154 million in expenses, delays reporting third-quarter earnings. The party may come to an abrupt end for Wall Street.
Macy's Says Employee Intentionally Hid Up To $154 Million In Expenses
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 says employee hid up to $154 million in expenses since 2021
Macy's said a former employee concealed up to $154 million in delivery expenses over the course of nearly three years.
Macy’s found a single employee hid up to $154 million worth of expenses
Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, which the retailer had planned to release Tuesday.
Macy's says worker hid more than $130m in costs
US department store Macy's says rogue staffer concealed more than $130m (£103m) in company costs over roughly three years, ...
Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report
Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses ...
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