Macy's Delays Third-Quarter Earnings

This is a news story, published by CNBC, that relates primarily to Macy news.

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Macy

CNBC

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Macy's says quarterly sales dropped, delays full earnings release due to accounting issue

Summary

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Macy 's said third-quarter sales fell 2.4% to $4.74 billion .

The retailer said it found "an issue related to delivery expenses in one of its accrual accounts" Macy 's shares fell about 2% in premarket trading Monday .

The company expects to release its full results, along with fourth-quarter and full-year guidance, by December 11 .

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