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 Delays Earnings After Employee Hid Millions in Expenses
Macy’s said it would delay the release of its third-quarter earnings after an investigation revealed an employee hid tens of millions of dollars of expenses.
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 Says Accounting Employee Hid Up to $154 Million in Expenses
Macy’s delayed its third-quarter earnings report after the company said an employee had hid up to $154 million in delivery expenses over several years, prompting an investigation.
Macy’s to Delay Third-Quarter Earnings Because Employee Hid Expenses. The Stock Falls.
The release of the company’s full third-quarter earnings will be delayed to Dec. 11 to complete an independent investigation. Shares dropped 2.1% to $15.96. Macy’s did however
Macy's says quarterly sales dropped, delays earnings release after employee hid delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates an accounting issue. The company said it discovered erroneous reporting of delivery expenses from one employee.
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