Clorox revealed Wednesday how much it anticipates the cyberattack that the company recently experienced will weigh on its first-quarter financial performance.
Its latest update about the business impact of the cybersecurity attack came just over two weeks after Clorox had indicated September 18 that it would likely see negative financial impacts stemming from it. Clorox first informed investors about the incident, which involved "unauthorized activity" in its IT systems, back in August. It wasn’t the only company targeted by a cyberattack this fall – MGM Resorts and Caesars Entertainment were, too.
25, Clorox began the process of transitioning back to automated order processing and the vast majority of orders are now taking place in an automated manner, which is enabling the company to ramp up output and shipments to rebuild retailer inventories," it said. "Clorox expects the process of restocking retailer inventories will occur over time as it ships above consumption levels.
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