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Starbucks Cuts China Sales Forecast as Coronavirus Disrupts Business

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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.

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 /  🏆 98. in JP
 

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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

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

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?
ソース: CNBC - 🏆 12. / 72 続きを読む »