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Tag: overshadowed

Starbucks’ strong Q1 overshadowed as it sounds warning on coronavirus outbreak

Starbucks has temporarily shuttered more than half of its stores in China in response to the coronavirus.  On its quarterly earnings call with analysts, Starbucks executives warned that the viral outbreak could “materially affect” its fiscal 2020 results. Starbucks had 4,292 stores in China at the end of last year. The country is the chain’s …

Starbucks’ strong Q1 overshadowed as it sounds warning on coronavirus outbreakRead More