Macy's Employee Hid $151 Million In Costs Over Several Years
Macy's Employee Hid $151 Million In Costs Over Several Years
While Macy's terminated the employee responsible, the company stated the individual did not gain financially from the misconduct, WSJ reports.Macy's Inc. (NYSE:M) revealed the findings of its investigation into a significant accounting mishap that impacted its financial reporting over several years.
梅西百貨公司（紐交所：M）公佈了對其財務報告中影響多年的重大會計失誤的調查結果。
The inquiry determined that a single employee's repeated errors and subsequent coverup led to $151 million in falsely recorded expenses, The Wall Street Journal reports.
調查確定，一名員工的重複錯誤和隨後的掩蓋導致了15100萬美元的虛假記錄費用，《華爾街日報》報道。
What Happened: The discrepancies, which stemmed from understated small package delivery expenses starting in late 2021, were perpetuated by intentional erroneous entries and falsified documentation. This manipulation concealed the true costs until its discovery in the fall of 2024.
發生了什麼：這些差異來源於自2021年底以來低估的小包裹運輸費用，且通過故意錯誤的條目和僞造的文件得以延續。這種操控掩蓋了真實成本，直到2024年秋季才被發現。
While Macy's terminated the employee responsible, the company stated the individual did not gain financially from the misconduct, WSJ reports.
雖然梅西百貨解僱了負責的員工，但公司表示該個人並未因不當行爲獲得經濟利益，《華爾街日報》報道。
Also Read: Alphabet's Quantum Willow Chip Wows Analyst: Google At The 'Leading Edge Of Technology Innovation'
另請閱讀：字母表的量子柳樹芯片讓分析師感到驚豔：谷歌處於「科技創新的前沿」
Why It Matters: The timing of the investigation and its fallout couldn't be more critical, given the holiday shopping season's importance to retail. With net sales declining by 2.4% to $4.7 billion for the recent quarter, the company is striving to rebuild investor trust and refocus on operational improvements.
爲何這很重要：考慮到假日購物季對零售業的重要性，調查及其後果的時機顯得尤爲關鍵。最近一個季度，淨銷售額下降了2.4%，降至47億美元，公司正努力重建投資者的信任，並重新關注運營改進。
On Wednesday, the company announced adjusted earnings per share for the third quarter that still managed to beat expectations despite the scandal, coming in at $0.04 versus a consensus of $0.03. Macy's highlighted sales strength at its first 50 locations, Bloomingdale's and Bluemercury, partially offsetting broader declines.
週三，公司宣佈第三季度調整後的每股收益儘管在醜聞中仍超出預期，達到了0.04美元，而市場共識爲0.03美元。梅西百貨強調其前50個門店、Bloomingdale's和Bluemercury的銷售表現較強，部分抵消了更廣泛的下滑。
According to The Journal, CEO Tony Spring emphasized the need to "strengthen existing controls" to prevent future errors of this magnitude.
根據《華爾街日報》的報道，首席執行官託尼·斯普林強調需要"加強現有控制措施"，以防止未來發生類似規模的錯誤。
Macy's also announced plans to close 65 stores this year, surpassing its initial estimate of 55, and raised $66 million through asset sales during the quarter. Despite these measures, activist investors continue to pressure the retailer to unlock more value, including considering a real estate spinoff.
梅西百貨還宣佈計劃在今年關閉65家門店，超過最初評估的55家，並在本季度通過資產出售籌集了6600萬美元。儘管採取了這些措施，激進投資者仍然繼續向這家零售商施壓，要求其釋放更多價值，包括考慮拆分房地產業。
- Magnificent Seven Tech Titans Hit $18.2 Trillion Market Cap: Alphabet, Amazon, Apple, Meta, Tesla Jointly Notch All-Time Highs
- 科技七巨頭市值達到18.2萬億：谷歌、亞馬遜、蘋果、Meta和特斯拉共同創下歷史新高
Photo: Shutterstock
圖片：Shutterstock
