Starbucks sees early recovery in China, no signs of coronavirus impact on U.S. sales

South Africa News News

Starbucks sees early recovery in China, no signs of coronavirus impact on U.S. sales
South Africa Latest News,South Africa Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Starbucks Corp. said late Thursday it was already showing early signs of recovery in China and that U.S. sales are still strong despite the COVID-19...

Starbucks Corp.

said late Thursday it was already showing early signs of recovery in China and that U.S. sales are still strong despite the COVID-19 coronavirus. In a filing with the Securities and Exchange Commission, the company said that while there were some near-term financial headwinds,"our long-term, optimistic outlook for the growth potential of Starbucks is undiminished.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starbucks says China business is recovering, but second-quarter will take hit to sales from coronavirus closuresStarbucks 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.
Read more »

China reports fall in new virus cases for third day, 38 more deathsChina reports fall in new virus cases for third day, 38 more deathsThe death toll nationwide is now 2,981, the National Health Commission said, with more than 80,200 people infected in total.
Read more »

China reports dwindling new cases, pivots to control risk from overseasChina reports dwindling new cases, pivots to control risk from overseasChina reported on Wednesday another drop in new coronavirus cases as its attenti...
Read more »

‘Go Back to China’: Film Review‘Go Back to China’: Film ReviewThose hungry for more of the East/West culture-clash terrain of “Crazy Rich Asians” and “The Farewell” may savor the slightly downsized pleasures of “Go Back to China,” which offers up some of the …
Read more »

Coronavirus live updates: China reports 139 new cases and 31 deaths, California declares state of emergencyCoronavirus live updates: China reports 139 new cases and 31 deaths, California declares state of emergencyChina's National Health Commission said there were 139 additional cases and 31 new deaths as of Wednesday.
Read more »

Tech Giants May Be Profiting From Forced Labor Of Uighur Muslims In China: ReportTech Giants May Be Profiting From Forced Labor Of Uighur Muslims In China: ReportOFILM, a tech supplier that employs Uighurs under highly restrictive conditions, touts customers like Apple, Samsung, Lenovo, Dell, HP, LG and Huawei.
Read more »



Render Time: 2025-04-02 04:16:49