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 delays earnings release as it says employee hid up to $154 million in delivery expenses

Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.

Business - CNBC - Yesterday

Macy's says employee hid up to $154 million in expenses since 2021

Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 million in expenses over the course of nearly three years.

Macy's says an employee hid up to $154 million in delivery expenses

Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.

Macy's Says Accounting Employee Hid Up to $154 Million in Delivery Expenses

The retailer delayed its quarterly results after it said an employee hid up to $154 million in delivery expenses over several years, prompting an investigation.

Business - The Wall Street Journal - 2 days ago

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.

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Macy’s employee hid up to $154 million in delivery costs, and stock takes a dive

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.

Business - MarketWatch - 2 days ago

Macy’s says employee hid more than $132mn in delivery expenses

US retailer delays release of third-quarter results after discovering accounting entries issue spanning past three years

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What Small-Business Owners Should Learn From Macy’s Missing $150 Million

The department store chain had to delay its third quarter financial statements after uncovering ‘erroneous accounting accrual entries’ related to delivery expenses.

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