Starbucks said in June that it expected adjusted losses per share of 55 cents to 70 cents.New store openings have resumed in China and the Americas.
People wear protective face masks outside Starbucks in midtown as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 23, 2020 in New York City.is expected to report its fiscal third-quarter earnings after the bell Tuesday.
Starbucks said at the time that its fiscal fourth-quarter earnings will improve, predicting net income per share of 11 cents to 36 cents and adjusted earnings per share of 15 cents to 40 cents. ButFor the full fiscal year, the company expects same-store sales in its two largest markets — the United States and China — to decline 10% to 20%. It forecast flat same-store sales growth in China by the end of the fiscal fourth quarter and predicts U.S. same-store sales will remain negative.
New store openings have resumed in China and the Americas. Starbucks expects to open about 300 net new locations in fiscal 2020 in the segment, down from its prior estimate of 600.VIDEO
Expect a horrible loss and hope they are confident in adjusting the future losses lower
$SBUX has been a great performer for us in the past but going into earnings it is still below the cloud - and therefore in sell. fintwit wallstreet
I bet they're down in Portland.
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