Data: S&P Global Market Intelligence; Chart: Axios Visuals
Clorox revenue plummeted to a nearly eight-year low in the last quarter after a devastating cyberattack, Nathan writes.
The horrific drop — sales fell 31% from the previous quarter — illustrate the steep consequences of cybersecurity breakdowns.
By the numbers: Clorox reported revenue of $1.39 billion in the period ended Sept. 30, marking its worst quarterly performance since the final quarter of the 2015 calendar year.
Revenue dropped as the company dealt with product shortages, including disinfecting wipes and bleach, stemming from its inability to efficiently process orders.
The bottom line: Clorox was one of several major targets of cybersecurity attacks in recent months.