© Sam Nar/CBC "Empire estimates, based on available information, that the financial impact on fiscal 2023 annual net earnings will be approximately $25 million, net of insurance recoveries," Sobeys parent company said Thursday. The parent company of the Sobeys grocery store chain says a cyberattack last month will cost $25 million. The company owns 1,500 stores across Canada, including Sobeys, Lawtons, IGA, Safeway, Foodland, FarmBoy, Needs and other grocery outlets. Empire reported it earned $189.9 million in its most recent quarter, up eight per cent from $175.4 million in the same quarter last year. Empire chief financial officer Matt Reindel said the company will not provide the total cost of the attack.

Source: CBC News December 15, 2022 16:24 UTC