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.
Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
Macy's: What Next, After An Incomplete Q3 Report?
Macy's latest challenge linked to internal accounting irregularities is not overbearing, but does not reflect well. Read my analysis of M's preliminary report.
Macy's delays Q3 report on accounting issue, expects weaker sales
Macy's on Monday delayed the publication of its third-quarter results due to an accounting issue tied to delivery expenses and instead posted preliminary results in which its sales missed Wall Street expectations.
Macy’s says employee hid up to $154 million in expenses, delaying 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 Stock Slips After Error Leads to Q3 Earnings Delay
Macy's shares moved lower Monday morning after the retailer unexpectedly posted preliminary results for the third quarter, and said its official report for the quarter would be delayed following an investigation into an accounting issue.
Why Macy’s delayed its Q3 earnings release
Macy's cites erroneous accounting accrual entries and delays Q3 results. The retailer's preliminary third-quarter sales missed estimates.
Macy's delays Q3 report on accounting issue, sales misses in preliminary results
Macy's on Monday delayed publication of its third-quarter results after discovering an accounting issue related to delivery expenses and instead reported preliminary results in which its sales missed Wall Street expectations.
Macy's delays Q3 earnings report, says employee hid up to $154 million in expenses
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.
Macy’s delays Q3 earnings after accounting employee hid up to $154M in expenses: Trial Balance
The retailer said the funds were not stolen, vendor payments were unaffected and the individual responsible is no longer with the company.
Macy's delays Q3 earnings after employee conceals $154M in expenses
Macy's announced a delay in releasing its full quarterly results after discovering that an employee intentionally hid $132 million to $154 million in expenses.
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.
Q3 EPS Estimates for Macy’s Boosted by Telsey Advisory Group
Telsey Advisory Group upped their Q3 2025 earnings estimates for Macy’s in a research report issued on Tuesday, November 26th ...