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Macy's Delays Q3 Earnings
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.
Macy's delays Q3 earnings after employee conceals $154M in expenses
Macy's announced a delay in releasing its full quarterly results after discovering that an employee intentionally hid $132 million to $154 million in expenses.
Macy’s delays Q3 earnings after accounting employee hid up to $154M in expenses: Trial Balance
The retailer said the funds were not stolen, vendor payments were unaffected and the individual responsible is no longer with the company.
22h
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 Tribune
13h
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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