Macy’s, Inc. Reports Preliminary Third Quarter 2024 Results

1 day ago · Macy’s First 50 locations achieve third consecutive quarter of positive comparable sales Company delays third quarter 2024 earnings release and conference call Macy’s, Inc. …

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Macy's Reports Preliminary Q3 Results, Postpones Earnings Release

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1 day ago · Shares of Macy’s M fell 2.2% during the trading session yesterday, as investors digested the news of a delay in fiscal third-quarter 2024 earnings release. The delay is related …

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Macy's Delays Earnings Release As It Says Employee Hid Up To $154 ...

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1 day ago · Macy's delayed its results after it discovered an issue related to the reporting of delivery expenses.

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Macy’s Says Employee Hid Up To $154 Million In Expenses, Delaying …

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1 day ago · Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue. ... The company did provide some …

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Macy’s Says Employee Hid Up To $154 Million In Expenses, Delaying …

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1 day ago · Macy’s says employee hid up to $154 million in expenses, delaying Q3 earnings. Macy’s says it’s delaying the release of its fiscal third-quarter earnings results after it …

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Macy’s Delays Earnings Report Pending Employee Investigation

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2 days ago · Macy’s Inc. is delaying its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses over several years. Macy’s Inc. …

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Macy's Delays Q3 Earnings Over Accounting Investigation - Fortune

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1 day ago · While Macy’s didn’t release a full earnings statement on Monday, the retailer reported that its third-quarter sales fell 2.4% to $4.74 billion, just missing the $4.75 billion Wall Street ...

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Macy's Stock Price Drops; Earnings, Store Sales Data Delayed: Why ...

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1 day ago · Initial Q3 Results and Holiday Outlook According to the preliminary third-quarter earnings report, Macy’s Inc. saw a 2.4% decline in net sales, totaling $4.74 billion. Same-store …

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Macy's Reports Preliminary Q3 Results, Postpones Earnings …

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Shares of Macy’s M fell 2.2% during the trading session yesterday, as investors digested the news of a delay in fiscal third-quarter 2024 earnings release. The delay is related to the …

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Macy’s Found A Single Employee Hid Up To $154 Million Worth Of

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1 day ago · Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the company was forced to delay its quarterly earnings report, …

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Macy’s Says Employee Hid Up To $154 Million In Expenses, Delaying …

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1 day ago · Macy’s reported stronger-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid …

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Macy's Delays Q3 Earnings After Employee Hid Up To $154M In …

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19 hours ago · WASHINGTON — Macy's reported weaker-than-expected preliminary sales for the fiscal third quarter and said it's delaying the release of its quarterly earnings results after it …

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Macy's Delays Q3 Earnings Report Amid Investigation Over $154M ...

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1 day ago · Preliminary Q3 Results: Meanwhile, the company reported preliminary third-quarter results, with a 2.4% decline in net sales to $4.742 billion (consensus $4.72 billion), with …

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Macy's Delays Q3 Earnings After Employee Hid Up To $154M In …

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Macy's has postponed its earnings release, originally scheduled for Tuesday, and now plans to report full third-quarter results by Dec. 11. ... Preliminary Q3 results show net sales dropped …

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Macy’s, Inc. Reports Third Quarter 2023 Results

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Nov 16, 2023 · Delivered better-than-expected performance on both top and bottom lines Gross margin rate of 40.3%, up 160 basis points year-over-year Merchandise inventories down 6% …

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FAQs about Macy’s, Inc. Reports Preliminary Third Quarter 2024 Results Coupon?

Why did Macy's delay its third quarter earnings release?

Macy’s (NYSE:M) said it is delayingits third quarter earnings release and conference call, after it identified an issue related to delivery expenses in one of its accrual accounts. ...

When will Macy's report third-quarter sales and earnings?

Earlier, the company planned to report its third-quarter sales and earnings results on Tuesday, November 26, 2024. Accounting Error: Macy’s disclosed that an internal investigation revealed that an employee intentionally concealed $132 million-$154 million in delivery expenses from fourth-quarter 2021 to third-quarter 2024. ...

How did Macy's sales perform in Q3?

Preliminary Q3 results show net sales dropped 2.4 percent to $4.74 billion, slightly exceeding analysts' expectations of $4.72 billion. Comparable sales (sales from established physical and online channels) fell 2.4 percent overall, with Macy's stores reporting a three percent decline. ...

Why did Macy's M stock fall 22%?

Shares of Macy’s M fell 2.2% during the trading session yesterday, as investors digested the news of a delay in fiscal third-quarter 2024 earnings release. The delay is related to the discovery of accounting irregularities for delivery expenses. ...

How did Macy's perform in the third quarter?

The company did provide some preliminary results for its third quarter, including that net sales fell 2.4% to $4.74 billion, slightly above the average analyst estimate of $4.72 billion. Macy’s Inc.'s comparable sales — sales from established physical and online channels — were down 2.4%, excluding licensed businesses like cosmetics. ...

When will Macy's' earnings release be released?

To complete an independent investigation, Macy’s postponed its earnings release and now expects to publish full results by Dec. 11. Image Source: Zacks Investment Research Macy’s has reported a 2.4% year-over-year decline in net sales, totaling $4.742 billion. ...