Due to employees underreporting delivery fees, Macy's (M.US) has lowered its full-year profit guidance.
Macy's announced its latest performance on Wednesday and lowered its full-year profit forecast after concluding an investigation into an employee who deliberately concealed millions of dollars in expenses.
Macy's Says Internal Control Not Effective After Employee Made Entries to Hide $154 Million
Express News | Employees concealed an amount of 0.154 billion dollars, and Macy's stated that internal controls have failed.
Macy's | 10-Q: Q3 2025 Earnings Report
Express News | Macy's- Internal Control Over Financial Reporting Not Effective as of Feb 3 Due to Material Weakness in Internal Control Over Financial Reporting
Macy's Continues to Face Challenges Versus Peers, Potentially Leading to Steady Share Losses, UBS Says
Macy's Analysts Remain Cautious After Q3 Earnings: 'Visibility Limited In The Near Term'
Macy's in Need to Prove It Can Apply Capital-Light Changes -- Market Talk
Guggenheim Reiterates Neutral on Macy'sto Neutral
Macy's Analyst Ratings
Why Macy's (M) Is Among the Best Department Store Stocks to Buy Now
Telsey Advisory Maintains Macy's(M.US) With Hold Rating, Maintains Target Price $17
UBS Maintains Macy's(M.US) With Sell Rating, Cuts Target Price to $9
Evercore ISI Reaffirms Their Hold Rating on Macy's (M)
A Glimpse Into The Expert Outlook On Macy's Through 4 Analysts
Express News | Morgan Stanley has lowered the Target Price for Macy's from $17.00 to $16.00.
Macy's Is Maintained at Equal-Weight by Morgan Stanley
Express News | Macy's Inc : UBS Cuts Target Price to $9 From $10
TD Cowen Reaffirms Their Hold Rating on Macy's (M)
Express News | Telsey Advisory Group maintains Macy's rating at in line with Large Cap, with a Target Price of $17.00.