the posting. Starbucks also made a donation of 3 million yuan to China's Red Cross Foundation, it announced in the same post.
Hubei province has a population of nearly 60 million, and includes the city of Wuhan, where the coronavirus initially took root. Since then it has spread to countries across Asia, including Japan, Malaysia, and Cambodia, as well as to the US, Australia, Canada, and France. It has infected more that 2,700 people and killed 80.
In an effort to limit the impact of the virus, the Chinese government has shut down cities, limiting the travel of over 40 million in the country. Starbucks has been expanding its businesses in China over the past year. Last quarter, the company reported 1o million active Chinese users of its rewards program, a 45% increase on the same period of the year prior,Last earnings season was a win for Starbucks, with shares jumping 3% after the company released its numbers in October.
The company is set to announce its next round of earnings Tuesday. The stock has 15"buy" ratings, 17"hold" ratings and one"sell" rating from analysts on the Street, according to Bloomberg. Casper will raise up to $182 million in its IPO - valuing the company below its March 2018 quote »
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