Macy's (M) Reports Prelim. Q3 Revenue
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Macy's (M) declines after releasing prelim. Q3 revenue, says employee hid millions in delivery expenses
November 25, 2024 7:22 AM ESTMacy's (NYSE: M) declines after releasing prelim. Q3 revenue, says employee hid millions in delivery expenses
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Macys, Inc. net sales decreased 2.4% to $4.742 billion, with comparable sales down 2.4% on an owned basis and down 1.3% on an owned-plus-licensed-plus-marketplace basis.
The company also reported today that, during the preparation of its unaudited condensed consolidated financial statements for the fiscal quarter ended November 2, 2024, it identified an issue related to delivery expenses in one of its accrual... More