Macy's delays quarterly report, claims employee hid $154 million …

Nov 25, 2024 · Macy's Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in …

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Macy's Delays Quarterly Report, Claims Employee Hid $154 Million …

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Nov 25, 2024 · Macy's Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee "intentionally" hid up to $154 million in …

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Macy's Says An Employee Hid Up To $154 Million In Expenses - AP …

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Nov 25, 2024 · Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings. ... sales for the third quarter and said it’s delaying the release of its full quarterly results after it …

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Macy’s Found A Single Employee Hid Up To $154 Million Worth Of …

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Nov 25, 2024 · 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, …

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Macy's Says An Employee Hid Up To $154 Million In Expenses

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Nov 25, 2024 · Macy's reported preliminary third-quarter results Monday, with net sales decreasing 2.4% to $4.7 billion. Macy's comparable sales were down 2.4% in company-owned …

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Macy's Finds Employee Hid $154 Million In Expenses, Earnings …

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Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending its stock plummeting in early trading.

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Macy's Says Employee Hid Up To $154 Million In Expenses

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Nov 25, 2024 · Macy's says employee hid up to $154 million in expenses, delays Q3 earnings ... was expected to report quarterly results on Tuesday. ... to hide roughly $132 million to $154 …

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Macy’s Says Employee Hid Up To $154 Million In ... - FOX31 Denver

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Nov 25, 2024 · 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 …

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Macy's Says Employee Hid Up To $154 Million In Expenses

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Nov 25, 2024 · Macy’s says employee hid up to $154 million in expenses, delays Q3 earnings ... was expected to report quarterly results on Tuesday. ... REPORT: Macy’s inside Providence …

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Macy’s Says Accounting Employee Hid Up To $154 Million In …

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Macy’s M-1.72 % decrease; red down pointing triangle delayed its quarterly results after the company discovered that an employee had hidden up to $154 million in corporate delivery …

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Macy's - Shop Fashion Clothing & Accessories - Official Site

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Up to 3% cash back · Macy's is your destination for style with products ranging from women’s clothing, shoes, and accessories to menswear and kids' clothing.You’ll also find items that …

FAQs about Macy's delays quarterly report, claims employee hid $154 million … Coupon?

Why did Macy's delay releasing its quarterly results?

(AP Photo/Nam Y. Huh, File) 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. ...

Did Macy's employee hide $132 million in delivery expenses?

The popular department store chain Macy’s said that an employee allegedly hid between $132 million and $154 million in delivery expenses. ...

Did Macy's hide $154 million in expenses over 3 years?

The iconic retailer did release preliminary third-quarter results, adding that the full report, along with the fourth quarter and full-year guidance, will be unveiled by Dec. 11. Macy's said it recently learned that an employee, which it did not name, intentionally hid as much as $154 million in expenses over three years. ...

Why did Macy's delay its Q3 earnings release?

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. ...

What if Macy's is underreported?

"Macy's has over $8 billion a year in operating expenses, so even if it's $50 million a year underreported, that's immaterial for Macy's, that would be less than 1% of Macy's annual expenses." "From what we know with the limited amount [of information] ... a rogue employee did something wrong," Swartz said. ...

Did Macy's make accounting errors?

The company said accounting errors were made in the small packaging delivery expenses. Macy's said not to explain why the employee, who is no longer with the company, hid the expenses. Macy's stock was trading at $15.68 a share, down 3.8%, at midday Monday. It had traded as high as $22.10 within the last year. ...