Macy's found an employee hid up to $154M in delivery costs, delaying its Q3 earnings report.

Macy's discovered that an employee hid up to $154 million in delivery expenses over several years, leading to a delay in the release of its quarterly earnings report. The company's shares initially dropped but later recovered some losses. Macy's continues to investigate the issue while maintaining its operations ahead of the holiday season.

November 25, 2024
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