Macy's Inc. (M)
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Macy's, Inc. (M) And Encourages Stockholders to Reach Out
NEW YORK CITY, NY / ACCESSWIRE / November 26, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M). Investors who purchased Macy's securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/M.
Macy's Reports Preliminary Q3 Results, Postpones Earnings Release
Macy's is delaying its Q3 earnings due to hidden expenses. The company now expects to publish full results by Dec. 11.
What's happening with Macy's? Stock down, earnings and sales data delayed, employee accused of fraudulent accounting
Macy's is grappling with the fallout from an internal investigation into an employee who allegedly concealed $132 million to $154 million in expenses over several years. The individual, tasked with managing small-package delivery expense accounting, made fraudulent accounting entries that masked the discrepancies, the retail chain said in a press release Monday.
Macy's $132 million mystery has auditing experts scratching their heads
Macy's said it discovered an employee intentionally made accounting errors totaling $132 to $154 million. Auditing experts told BI the available evidence suggests a failure of internal accounting controls.
5 Things to Know About Macy's $100 Million Accounting Issue
A Macy's employee intentionally hid up to $154 million in delivery expenses over the past three years. Investors have a lot of questions.
Macy's investigation found employee hid up to $154M in expenses
Macy's (M) will be delaying the release of its third quarter results until December 11 after an investigation found an employee hid $132 million to $154 million in shipping expenses from the department store. According to the retailer's preliminary earnings, its net sales are forecasted to come up $10 million shy of estimates while narrowing declines in same-store sales.
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as $154 million in shipping expenses.
Rogue employee at Macy's intentionally ‘hid' up to $154M in expenses
“While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues across the company are focused on serving our customers and executing our strategy for a successful holiday season,” said Macy's CEO Tony Spring.
Bronstein, Gewirtz & Grossman, LLC Is Investigating Macy's, Inc. (M) And Encourages Stockholders to Connect
NEW YORK CITY, NY / ACCESSWIRE / November 25, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Macy's, Inc. ("Macy's" or "the Company") (NYSE:M). Investors who purchased Macy's securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/M.
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.
Stock Of The Day: Macy's Hits Resistance Following Accounting Scandal
Macy's delayed its Q3 earnings release, revealing an internal investigation into an employee who allegedly hid hundreds of millions of dollars in expenses.
Macy's Employee Accused of Concealing $132 Million in Delivery Costs
Macy's has delayed its earnings call after discovering a multimillion-dollar “intentional” employee accounting error. That employee, the retailer said in a securities filing Monday (Nov. 25) had hidden at least $132 million in delivery expenses over a nearly three-year period.
