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Home Depot updates on data breach costs

May 24, 2016 9:59 AM ETThe Home Depot, Inc. (HD) StockHDBy: Clark Schultz, SA News Editor
  • Home Depot (HD +1%) discloses that it recorded $2M in pre-tax expenses in Q1 tied to the data breach in 2014.
  • The company says no accrual amount has been set aside because it's unable to estimate a final range of costs.
  • A total of $263M of pretax gross expenses related to the data breach have been recorded, a tally partially offset by $100M of expected insurance proceeds.
  • SEC Form 10-Q

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