Clorox (CLX.N) on Wednesday cut its annual profit and revenue forecasts, reeling from an August cyberattack that threw its order fulfillment facilities out of gear for more than a month.
Bottles of Clorox bleach are displayed for sale on the shelves of a Wal-Mart store in Rogers, Arkansas, June 4, 2009. REUTERS/Jessica Rinaldi/File Photoon Wednesday cut its annual profit and revenue forecasts, reeling from an August cyberattack that threw its order fulfillment facilities out of gear for more than a month."We were expecting to grow gross margins this year and build on that nice progress we made last year.
With Clorox's products off the shelves for a short period in September due to the attack, Jacobsen added that private label brands made some inroads into the company's market share. The company now expects an annual adjusted profit between $4.30 and $4.80 per share, compared with its previous forecast of $5.60 and $5.90 per share.
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