macy's q3 news - Search News

Macy's Delays Q3 Earnings

Hosted on MSN · 2h

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.

Newsweek on MSN · 11h

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

Macy's Inc. has delayed its third-quarter earnings release after discovering that a single employee intentionally concealed up to $154 million in delivery expenses over nearly three years. The department store chain announced Monday that the issue,

justthenews · 3h

Macy's delays Q3 earnings release amid probe into employee allegedly hiding $154M in expenses

The company said the employee no longer works for Macy's, and that the person's actions did not affect its cash management and vendor payments. It is unclear if they are pursuing criminal charges.

13h

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.

The Express Tribune4h

Macy’s delays Q3 earnings after uncovering $154M hidden expenses by former employee

The individual responsible is no longer with the company, and no other employees were implicated. Macy’s now expects to ...

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