Clorox Cyberattack: Q1 2024 Earnings Hit, Sales Drop 23-28%

The Clorox Company reports how the August cyberattack may affect Q1 2024 earnings.

Estimating a 23% to 28% decrease in sales as a result.

Operational problems were widespread as a result of cybersecurity attacks.

IT systems at Clorox have been the subject of unauthorized activities.

Despite prompt corrective action, there were still problems with product availability.

The attacker's identity has not been revealed, but the systems have been restored.

Cyber threats also affected Caesars Entertainment and MGM Resorts International.

The statement caused a 6% decline in the price of Clorox shares.