Macy's delays Q3 earnings due to accounting issues, reports sales drop, causing stock to fall.

Macy's has delayed its third-quarter earnings report due to an accounting issue related to delivery expenses. The company also reported a 2.4% drop in net sales to $4.74 billion, missing analyst forecasts. This delay comes amid an investigation into a potential $154 million accounting issue, leading to a drop in Macy's stock.

November 25, 2024
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