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Macy's Q3 results delayed

Macy’s Q3 Audit Reveals Employee Hid $154M

The department store company Macy’s delayed its complete quarterly results release after finding out one of their employees “intentionally” hid approximately $154 million of expenses over a few years.

Newsweek on MSN · 1d

Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses

Macy's Inc. has delayed its third-quarter earnings release after discovering that a single employee intentionally concealed up to $154 million in delivery expenses over nearly three years. The department store chain announced Monday that the issue,

Retail Dive · 1d

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.

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