macy's q3 news - Search News

Macy's Q3 results delayed

Newsweek on MSN · 1d

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.

Yahoo Finance on MSN · 16h

Macy's delays Q3 earnings report, says employee hid up to $154 million in expenses

Macy's on Monday delayed its Q3 earnings release as it conducts an internal investigation into an employee hiding hundred of millions of dollars of expenses.

Retail Dive · 23h

Macy’s delays full Q3 report over millions in fraudulent expense accounting

Starting in 2021 an employee hid $132 million to $154 million in delivery expenses, a disclosure overshadowing an otherwise decent quarter.

Macy’s uncovers shocking $154M hidden expense scheme

Macy’s, one of the leading retail giants in the United States, has recently made headlines after revealing a significant ...

1d

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.

CBC Online 1380 KCIM8h

Macy’s finds that employee hid $154 million in expenses, Q3 earning report is delayed

Iconic retailer Macy’s announced Monday that it would delay its full third-quarter earnings report because of an employee ...

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