Tag: Q3
Macy’s Delaying Q3 Earnings Release After Discovering Employee Hid Up to $154M in Expenses
A single employee with responsibility for small package delivery expense accounting allegedly hid approximately $132 to $154 million in cumulative delivery expenses since Q4 2021 through erroneous accounting accrual entries.
Dick’s Sporting Goods Lays Off 250 Employees after Blaming 23% Drop in Profits on...
Dick’s Sporting Goods announced a new "business optimization plan" that includes laying off corporate employees as a result of net income falling 23 percent to $244 million and operating income decreasing 32 percent to around $312 million.