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Macy’s employee hid up to $154M in expenses

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.

UPI News on MSN · 5h

Macy's: Employee hid upwards of $154M in delivery expenses

Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of its third-quarter earnings report.

Hosted on MSN · 13h

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.

22hon MSN

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.

The Business Journals14h

Macy’s says employee hid as much as $154M in expenses

Macy’s is delaying its third-quarter earnings release and conference call because of an employee’s intentional accounting ...

22hon MSN

Macy's says an employee hid up to $154 million in expenses

Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.

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