Sobeys’ cybersecurity breach results in $54M hit to earnings in Q3
https://ca.finance.yahoo.com/news/sobey ... 40365.html
Sobeys’ parent company says the cybersecurity breach, that temporarily shut down pharmacy operations and led to reduced sales, cost the grocery retailer $54 million in profit in its most recent quarter, net of insurance recoveries.
Empire Co. (EMP-A.TO), the second largest grocery chain owner in Canada that operates Sobeys, Freshco, IGA, Farm Boy and Safeway, said on Thursday that it also expects November’s cybersecurity event to result in a $32 million hit to net earnings over fiscal 2023 and fiscal 2024, more than previously expected. The company said in December that it anticipated the breach would result in a $25 million hit to net earnings.
Sobeys’ cybersecurity breach results in $54M hit to earnings in Q3
Re: Sobeys’ cybersecurity breach results in $54M hit to earnings in Q3
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Re: Sobeys’ cybersecurity breach results in $54M hit to earnings in Q3
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