Macy's says employee 'intentionally' hid up to $154M in expenses
Portfolio Pulse from
Macy's has delayed its third-quarter earnings report after discovering an employee intentionally hid up to $154 million in shipping expenses.
November 25, 2024 | 5:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Macy's has delayed its third-quarter earnings report after discovering an employee intentionally hid up to $154 million in shipping expenses.
The discovery of hidden expenses and the delay in the earnings report are likely to negatively impact investor confidence in Macy's, leading to a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100