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Macy's Delays Q3 Earnings
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 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 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.
Yahoo Finance
2h
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 ...
The Express Tribune
12h
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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