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.
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 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 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 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 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 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 Delays Earnings After Finding Employee Hid Millions 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 4% in morning trading. Read more:
Macy's Says Employee Hid up to $154 Million in Expenses, Delays 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 Delays Earnings After Employee Hid Millions in Expenses
Macy’s said it would delay the release of its third-quarter earnings after an investigation revealed an employee hid tens of millions of dollars of expenses.
Macy's says employee hid up to $154 million in expenses, delays reporting third-quarter earnings
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. Warren Buffett is a lot of things, but an income investor isn't one of them.
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Macy’s delays Q3 2024 earnings after employee concealed $154m delivery expenses
Macy's has announced a delay in its Q3 2024 financial results due to an accounting issue involving an employee who ...
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Macy's Thanksgiving Day Parade: How to watch in AZ and who's performing
It’s been 100 years since Macy’s Herald Square department store in New York City held its first Thanksgiving Day Parade, ...
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How to Watch the Macy’s Thanksgiving Day Parade
For the 98th time, Macy’s brings New Yorkers its annual parade. This year, there will be 22 floats, 17 character balloons ...
Macy's $132 million mystery has auditing experts scratching their heads
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
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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5 Things to Know About Macy’s $100 Million Accounting Issue
A Macy’s employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot ...