The security breach in early November left customers unable to fill prescriptions for four days, while other in-store functions like self-checkout machines, gift card use and the redemption of loyalty points were offline for about a week.
"We're not going to provide the gross amount," Matt Reindel, chief financial officer of Empire and Sobeys, said during a call with analysts to discuss the company's latest financial results. Michael Medline, president and CEO of Empire and Sobeys, said the company took action as soon as the cyber "intrusion" was discovered.
While customer-facing services have been fully restored for some time, the company said it's continuing to bring information and administrative systems back online in a phased approach. Empire reported earnings of $189.9 million or 73 cents per share in its latest quarter, up from $175.4 million or 66 cents per share in the same quarter last year.
The company's food retailing business -- which operates several chains including Sobeys, Safeway, FreshCo, Farm Boy and Foodland -- recorded net earnings of $158.0 million during the quarter, down from a profit of $159.3 million during the same period last year.
Oh great so a can of soup in the new year will be 10 bucks now.
Guess who’s going to be paying for it. That’s right, the costumer
These cyber attacks are completely made up. Just a reason to raise prices
Liars.
I warned y'all.