Macy's Delays Results After Finding Employee Hid Millions in Delivery Expenses
A single employee "intentionally" made wrong accounting entries to hide about $132 million to $154 million of delivery expenses between the fourth quarter of 2021 through third quarter of 2024, Macy's said. It had recorded about $4.36 billion as delivery expenses in this period.
The retail giant delayed the results of its third quarter earnings after discovering that an employee hid millions of dollars ...
Macy’s on Monday said an employee responsible for managing accounting for small package deliveries concealed up to $154 ...
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
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