Clorox Expects Material Impact On Q1 Financial Results Due To Order Processing Delays And Elevated Level Of Product Outages Resulting From Cybersecurity Attack - Filing
Portfolio Pulse from Benzinga Newsdesk
Clorox has announced that it expects a significant impact on its Q1 financial results due to order processing delays and a high level of product outages, both resulting from a cybersecurity attack. The company is still evaluating the extent of the financial and business impact and it is too early to determine the longer-term impact, including the fiscal year outlook.
September 18, 2023 | 10:21 am
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NEGATIVE IMPACT
Clorox's Q1 financial results are expected to be significantly impacted due to a cybersecurity attack causing order processing delays and product outages.
The cybersecurity attack has caused order processing delays and product outages for Clorox, which will likely lead to a decrease in revenues and profits for Q1. This negative news could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100