A Macy’s employee made accounting errors ‘intentionally,’ hiding up to $154 million in expenses. Now the company’s earnings report is delayed

Quick Summary:

The Macy’s employee, who is no longer with the company, hid delivery expenses during the course of almost three years.

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Article Details

Author / Journalist: Sydney Lake

Category: EconomyBusiness

Markets: United States

Topics: Earnings Accounting Macy's Accounting scandal Forecast

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 16:46:08 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 20 words

Reading Time: 1 minutes read

Sentences: 31 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23839062

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Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 42 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #95

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