Starbucks Cuts China Sales Forecast as Coronavirus Disrupts Business

📆 06/03/2020 08:45:00
📰 WSJ

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 63%

France Nouvelles Nouvelles

Starbucks suspended its plans to open more stores in China, as the coronavirus epidemic hit the coffee chain’s results

Starbucks Corp. said the coronavirus epidemic sapped millions of dollars in revenue from its China business, and the coffee giant plans to suspend work to open new stores in the country.

The Seattle-based coffee chain said the virus had reduced revenue expectations in its second-biggest market by at least $400 million for its current quarter. The company reported $745 million in sales in China during the previous three-month period, its fiscal first quarter ended Dec. 29.

Écrire un Commentaire

The coronavirus: Saving the world from burned, overpriced coffee.

Instead, start Losing tons of profit in Japan. How about in mainland?

Enough Starbucks around the world!

So sad

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Starbucks says China business is recovering, but second-quarter will take hit to sales from coronavirus closuresStarbucks warned investors on Thursday that store closures in China due to the coronavirus outbreak are likely to result in a 50% decline in its same-store sales in China during its fiscal second quarter. Who was asking?
La source: CNBC - 🏆 12. / 72 Lire la suite »