Starbucks expects comparable sales in China to plunge, shares fall

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Starbucks expects comparable sales in China to plunge, shares fall GlobeBusiness

A man wearing a mask walks in front of a shuttered Starbucks as the spread of the coronavirus disease outbreak continues in the Manhattan borough of New York City, U.S., April 27, 2020.Starbucks Corp. said on Tuesday it expects comparable sales in China to decline between 25% and 35% in the current third quarter, hurt by the coronavirus pandemic that has forced it to close stores and limit operations.

The company did not forecast sales for its U.S. business, citing the onset of the coronavirus late in the quarter, but said it expects the financial impact to be significantly greater in the third quarter and to extend to the fourth quarter.

 

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globebusiness STARBUCKS IS OWNED BY PETA. SHUT EM DOWN.

globebusiness How mighty will fall. Maybe out of the ashes of the rotten pre-virus system, the phoenix of new world will rise,

globebusiness Starbucks why are you associated with a poop country like China? Boycott China/Starbucks. Are you serving dog/bat-fried-rice at your locations?

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