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 employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
Macy's said a former employee concealed up to $154 million in delivery expenses over the course of nearly three years.
Macy’s said an employee hid as much as $154 million in delivery expenses over a three-year period, prompting the retailer to ...
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