Empire Company Ltd., the parent corporation of grocery chain Sobeys, saw third quarter profits plunge 38 per cent, thanks partly to a massive cyberattack.
Empire also announced that it would be moving Grocery Gateway delivery service customers — which it obtained in the 2021 takeover of Longo’s — to its Voila delivery service. After initially estimating the cost of the attack — which it referred to as a “cyber event” — at just over $25 million, Empire said the net cost will now be $32 million.
so prices have to up right
No worries! Empire will transfer the pain to their customers?
Can cyber attacks be prevented?
They will be more than happy to pass the cost on to their customers.
Good grief, we have banks putting aside millions so they hide their ‘true’ profits, and we already have other supermarkets hiding ‘true’ profits or blaming other avenues for it - it’s called full of s**t
👍
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Empire reports $125.7-million net earnings as it rebounds from Sobeys cyberattackEmpire says the results for its third quarter compared with $203.4-million in net earnings during the same period the year before That’s what price gouging does, makes rebounds a breeze.
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Empire reports $125.7M net earnings as it rebounds from Sobeys cyberattack | Globalnews.caThe company's earnings for the period ended Feb. 4 amounted to 49 cents per share, down from 77 cents per share in the third quarter of the prior fiscal year.
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Empire reports $125.7M net earnings as it rebounds from Sobeys cyberattack - BNN BloombergEmpire Company says its net earnings hit $125.7 million in its latest quarter as its Sobeys supermarket chain rebounded from a November cyberattack.
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Empire reports $125.7M net earnings as it rebounds from Sobeys cyberattackEmpire Company says its net earnings hit $125.7 million in its latest quarter as its Sobeys chain rebounded from a November cyberattack. Of course it's profit-mongering but it's not a recent phenomenon.
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Sobeys' parent Empire reports earnings estimate miss on costs of cyberattackSobeys\u0027 parent Empire Co. said in it latest earnings report a cyberattack late last year cost the grocery chain $54 million. Read on. Jagmeet Singh and the NDP will be happy. we're done with your sponsors the oligarchs that are screwing us
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Sobeys' parent Empire reports earnings estimate miss on costs of cyberattackSobeys\u0027 parent Empire Co. said in it latest earnings report a cyberattack late last year cost the grocery chain $54 million. Read on.
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