Search results
Results from the WOW.Com Content Network
Macy's said Wednesday that it has tightened internal financial accounting measures after completing a probe of a rogue employee who hid $151 million in delivery expenses over a span of nearly ...
Macy's said an employee intentionally made accounting errors totaling $132 million to $154 million. Auditing experts told BI the available evidence suggests a failure of internal accounting controls.
Macy’s finally released its third-quarter earnings on Wednesday after having to delay it due to a massive accounting scandal caused by one employee.The employee, who no longer works for Macy’s ...
Macy's stock price fell as much as 4% in premarket trading on Monday. The company was due to report its earnings on Tuesday; it said the release is now planned for December 11 as it completes its ...
Macy's: 'The errors identified did not impact net sales' The former employee's alleged accounting errors affected the first half of fiscal 2024 by $9 million, but this was adjusted in total during ...
Macy's on Monday delayed its third quarter earnings release as it conducts an internal investigation into an employee hiding up to $154 million of expenses.An employee responsible for small ...
AOL Mail welcomes Verizon customers to our safe and delightful email experience!
Macy’s did not say why the employee hid the expenses. Although the questionable expenses were a small fraction of the $4.36 billion in delivery expenses Macy’s recognized between the fourth ...