Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

384
  • Macy’s posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses.
  • The company said it discovered the issue when it was preparing its earnings, adding the employee who hid the expenses no longer works at the company.
  • The retailer said third-quarter sales fell, and expects to post full-year guidance by Dec. 11.
>- Macy’s posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in erroneously reported expenses. - The company said it discovered the issue when it was preparing its earnings, adding the employee who hid the expenses no longer works at the company. - The retailer said third-quarter sales fell, and expects to post full-year guidance by Dec. 11. [Source](https://www.cnbc.com/2024/11/25/macys-posts-preliminary-results-delays-full-earnings-release.html)

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (6).
[–] • 0 pt

I wonder how much of that went to the board of directors.

[–] • 1 pt

Was the employee framed? Nice twist.

[–] • 1 pt

With the way things are these days, $154M going "missing" is either an inside job, or it occurred in the government.

[–] • 1 pt

Exactly. ONE guy stealing a couple million is plausible. 154 million?