If you've noticed an empty store shelf where Clorox bleach, Glad trash bags or Burt's Bees skin products should be, you're not alone. Clorox, the consumer products giant that makes those and many other items, is still picking up the pieces in the wake of a devastating cyberattack two months ago. The company said in late September that for weeks, it had been unable to automatically process orders for its vendors, including large retail stores like Walmart and Target.
Instead, the company said last week that sales will fall 23% to 28% from a year ago. That would come out to between $1.25 billion and $1.34 billion in revenue instead. That might translate to a revenue drop of $500 million or more compared to what Clorox anticipated before it discovered the breach. Bloomberg reported last week that officials believe Clorox was hacked by the same group that went after casino operators MGM and Caesars Entertainment in September.
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