Macy's says it's delaying the release of its fiscal third-quarter earnings results after it discovered an up to $154 million accounting-related issue.

Macy's disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years.

Macy's disclosed Monday that an employee had hidden up to $154 million in expenses through false accounting entries over more than three years.

The department store chain said it had found the erroneous accounting entries while preparing its results for the third quarter.

Macy’s reported weaker-than-expected sales for the third quarter and said it’s delaying the release of its full quarterly results after it discovered an employee intentionally hid up to $154 million of expenses over several years.

Nov. 25 (UPI) -- Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending its stock plummeting in early trading.

Macy's has delayed Q3 earnings as it investigates over $130 million in hidden expenses.Macy's said a single employee was responsible for