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 company's cash flow ...
Macy's says an employee hid up to $154 million in expenses | AP News
1 day ago · Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue. ... The Associated Press is an independent global news organization dedicated to factual reporting. ... delaying Q3 earnings. FILE - Cars are parked in front of a Macy’s store at Hawthorn ...
Macy's Delays Q3 Earnings After Employee Hid up to $154M in …
1 day ago · Macy's has postponed its earnings release, originally scheduled for Tuesday, and now plans to report full third-quarter results by Dec. 11. During the affected period, Macy's recognized $4.36 ...
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 loss of $0.01.
Macy’s says employee hid up to $154 million in expenses, delaying Q3 …
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 the latest quarter.
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. (NYSE: M) today reported preliminary financial results for the third quarter of 2024. Preliminary Third Quarter Highlights Macy’s First 50 locations delivered third consecutive quarter of comparable sales growth, up 1.9%.
Macy’s delays full Q3 report over millions in fraudulent expense …
1 day ago · This story was originally published on Retail Dive.To receive daily news and insights, subscribe to our free daily Retail Dive newsletter.. Dive Brief: Macy’s Inc. is delaying its Q3 earnings ...
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 draw customers who have ...
Macy’s delays third-quarter results after finding employee hid …
1 day ago · Macy’s preliminary results showed net sales fell 2.4 per cent to $4.74-billion compared to $4.77-billion based on estimates compiled by LSEG, a sign that steep promotions failed to draw ...
Macy's delays Q3 earnings after employee conceals $154M in …
1 day ago · Macy's said it is delaying reporting its third-quarter earnings results to complete an independent investigation. It anticipates reporting its full third-quarter financial results by Dec. 11.