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Operational Disruption

All articles tagged with #operational disruption

business2 years ago

Clorox's Sales and Profits Plummet Due to Cyberattack

Clorox reported a significant decrease in sales and profit for the quarter ended September 30, largely due to the impact of a cyberattack that disrupted operations. The company expects a decrease in net sales of 23% to 28% and a decline in gross margin compared to the previous year. Clorox also anticipates a per-share loss of 35 cents to 75 cents. The cyberattack, disclosed in August, continues to affect production, although the impact is diminishing. Clorox is assessing the potential impact of the hack on the current fiscal year and beyond. The attack is believed to be linked to the group of hackers responsible for recent cyberattacks on MGM and Caesars.