Home Depot's Breach Cost? $28 Million
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On Nov. 18, Home Depot reported its third-quarter fiscal 2014 earnings, which included its breach-related costs. The pretax net expenses related to the data breach were reported at $28 million.
During Home Depot's earnings call with financial analysts, the company's CEO was asked about the impact of the breach.
"It's very difficult for us to be able to determine if there was any impact," Craig Menear, president and CEO of Home Depot, said. "We were very, very pleased with the fact that we had positive transaction growth in each month during the quarter, and I think that represents strength for our customers, confidence in the Home Depot and we appreciate that."