Macy’s says employee hid up to $154 million in expenses
By MICHELLE CHAPMAN 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 retailer
Macy's Says Employee Hid up to $154 Million in Expenses, Delays Q3 Earnings
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
Macy's says employee hid up to $154 million in expenses, delays reporting third-quarter earnings
Macy's says employee hid up to $154 million in expenses, delays reporting third-quarter earnings. The party may come to an abrupt end for Wall Street. Warren Buffett is a lot of things, but an income investor isn't one of them.
Macy’s finds ‘erroneous’ accounting entries, leading to delay of earnings report
Macy’s identified a single employee who made “erroneous” accounting entries to hide up to $154 million in delivery expenses during a three-year period.
Macy’s Discovers Employee Hid Millions in Delivery Expenses
The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.
Macy’s Delays Earnings After Millions of Hidden Expenses
The company was due to announce its earnings tomorrow. They delayed that. They gave us a preliminary look. The stock fell dramatically when the when this came out. And the losses have pared a bit. Now that people have realized the limited financial impact of the probe.
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