Here's what to expect from Starbucks' earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 76 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Starbucks has closed all cafes and halted delivery for locations in the Hubei province in response to the Wuhan coronavirus outbreak.

Starbucks introduced the Irish Cream Cold Brew in December as its latest holiday drink.

The coffee chain will likely face questions surrounding its business in China as more cases of the Wuhan coronavirus are confirmed and Luckin Coffee now has more Chinese locations.Starbucks President and Chief Executive Officer Kevin Johnson is pictured at the Annual Meeting of Shareholders in Seattle, Washington on March 20, 2019.is expected to report its fiscal first-quarter earnings after the bell Tuesday.

Starbucks executives will likely face a flurry of questions about their response to the Wuhan coronavirus outbreak, which hasso far. The coffee chain has closed all cafes and halted delivery for locations in the Hubei province, where the virus originated. Bernstein analyst Sara Senatore estimates that amounts to roughly 3% of its Chinese locations. China is Starbucks' second-largest market, behind the United States..

On Monday, a Luckin spokesperson said the company proactively closed its coffee stores in Wuhan for the Lunar New Year holiday and has strict nationwide policies in place to monitor the situation. In fiscal 2020, Starbucks expects to add 2,000 net new locations worldwide. It is forecasting its fiscal 2020 revenue to rise between 6% and 8% and global same-store sales growth in a range of 3% to 4%.meaning that it would store more carbon than it emits, eliminate waste and provide more freshwater than it uses. Part of its plan to reach such an ambitious goal includes adding more plant-based menu options and shifting to reusable packaging.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stocks shrug off Wuhan virus worries as focus turns to Apple and Starbucks earnings - Business InsiderThe Dow tanked yesterday to turn the index negative for the year. 'You would expect some let-up after such a big move lower,' says one analyst. Bhagavad-Gita Quotes. Digital Mandir. 🍔🍔
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Just Eat sees 2019 earnings in line, partners McDonald's in UKFood delivery firm Just Eat has agreed to partner with McDonald's in Britain and Ireland, saying its 2019 core earnings are expected to come in toward the top of its guidance range
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »

Starbucks shares plunge after company shutters China locations near coronavirus outbreak | Markets InsiderShares plunged in early trading after Starbucks announced coronavirus concerns have led the company shut down operations in China's Hubei provin...
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »