Macy's to Delay Third-Quarter Earnings Because Employee Hid Expenses. The Stock Falls.
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Macy's has delayed its third-quarter earnings release due to an independent investigation into hidden expenses by an employee. This has led to a decline in its stock price.
November 25, 2024 | 1:00 pm
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NEGATIVE IMPACT
Macy's has postponed its third-quarter earnings release to conduct an independent investigation into hidden expenses by an employee, resulting in a stock price decline.
The delay in earnings release due to an investigation into hidden expenses is a negative signal for investors, leading to uncertainty and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100