macy's stock news - Search News

Hosted on MSN · 7h

Macy’s employee responsible for a $151 million accounting scandal made one mistake that snowballed into an intentional coverup

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 made one mistake that led to years of coverup.

Wall Street Journal · 13h

Macy’s Probe Found Employee Acted Alone in $151 Million Accounting Scandal

Macy’s has completed its investigation into accounting problems and found that a single employee’s mistake and coverup created $151 million in false bookkeeping entries.

Investopedia on MSN · 12h

Macy's Stock Tumbles on Lower Sales, Resolved Accounting Probe

Key Takeaways Macy's shares fell Wednesday morning after the retailer posted its delayed earnings report, pushed back last month after an accounting issue was discovered.Sales fell short of what analysts had expected,

MT Newswires on MSN · 11h

Macy's Cuts Full-Year Earnings Outlook Following Completion of Accounting Issue Probe

Macy's (M) lowered its full-year earnings outlook on Wednesday as the department store operator completed its investigation into an accounting issue that delayed the release of its complete fiscal third-quarter results.

9h

Macy's employee who hid $151 million in delivery expenses was trying to mask initial mistake, sources say

Macy's on Wednesday said it has wrapped up an investigation into an employee who intentionally hid about $151 million of ...

Macy’s provides more details about that employee who hid more than $150 million worth of expenses

Macy’s said Wednesday that it has concluded its investigation into an employee who intentionally hid more than $150 million ...

13h

Here’s what one employee hiding money is doing to Macy’s stock and profit view

Macy’s cut its full-year earnings outlook, after making adjustments to reflect the impact of misstated delivery expenses.

11h

Macy’s stock slides despite raised outlook: what are investors concerned about?

Macy's stock sinks as retailer still expects a sales decline this year. It has concluded its expense investigation.

2d

Macy's Stock Rises as Activist Investors Call for Real Estate Unit

Barington Capital Group and Thor Equities called on Macy's to create a real estate subsidiary and limit its capital ...

9h

Macy’s Details Multimillion-Dollar Accounting Error in Downbeat Report

Macy’s, the largest department store chain in the United States, is in the midst of its latest turnaround plan, overseen by ...

12h

Macy's Cuts Annual Earnings Outlook Below View, Pre-Market Stock Down Over 8%

Macy's, Inc. (M), a department store company, on Wednesday revised down its full-year earnings guidance below analysts' estimates.

2don MSN

Macy’s Stock Rises. Another Activist Investor Is Circling.

Barington Capital is advocating for changes to refresh Macy’s stock including the creation of a real-estate segment within ...

14h

Macy's Lowers Annual Profit Forecast Amid Accounting Misstep, Stock Tumbles

Macy's Q3 results reveal sales of $4.74 billion, a 2.4% decline in net sales, and guidance adjustments following an ...

6hon MSN

Three-Stock Lunch: Macy's, Mondelēz, & Broadcom

Matt Maley, chief market strategist at Miller Tabak and Company, joins CNBC's 'Power Lunch' to discuss three stocks.

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