Macy’s found a single employee hid up to $154 million worth of …
1 day ago · 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, …
Macy's Battles Back: Q3 Gains Marred by $154M Accounting …
1 day ago · Macy's discovered that a single employee fudged the books, burying $132 to $154 million in delivery costs from 2021 through last quarter. The good news? It didn't mess with the …
Macy’s, Inc. Reports Preliminary Third Quarter 2024 Results
1 day ago · Macy’s First 50 locations achieve third consecutive quarter of positive comparable sales Company delays third quarter 2024 earnings release and conference call Macy’s, Inc. …
Macy's says an employee hid up to $154 million in expenses | AP News
1 day ago · Macy’s so-called First 50 stores – which are the ones Macy’s has renovated and put more effort into with extra customer service — produced a comparable sales gain of 1.9% in …
Macy’s Discovers Employee Hid Millions in Delivery Expenses
1 day ago · Macy’s sales in the third quarter fell 2.4 percent — below analysts’ expectations — to $4.74 billion. The company’s overall sales were dragged down by weak performance at …
Macy's says an employee hid up to $154 million in expenses - CBS News
1 day ago · Macy's shares fell 51 cents, or 3%, to $15.79 in morning trade. Macy's in February said it planned to close 150 stores and lay off more than 2,000 workers amid a pullback in …
Macy's delays Q3 earnings report, says employee hid up to $154 …
1 day ago · Net sales of $4.74 billion came in slightly below the $4.75 billion expected. The company did not report adjusted earnings per share, which Wall Street expects to come in at a …
Macy's employee hid millions in expenses, delays earnings - USA …
1 day ago · Macy's preliminary results showed net sales fell 2.4% to $4.74 billion compared to $4.77 billion based on estimates compiled by LSEG, a sign that steep promotions failed to …
Macy's says employee hid up to $154 million since 2021 - NBC News
1 day ago · That is small relative to the $4.36 billion in overall delivery expenses Macy's recorded during that period. However, it is greater than the $105 million in net profit the company …
Macy's delays Q3 earnings after employee conceals $154M in …
1 day ago · 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. News Today's news