Starbucks same store sales drop 10% as coronavirus forced closures in US, China [Yahoo! Finance News]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance News
Starbucks SBUXHere are the key numbers from the report, and what Wall Street expected from the company, as compiled by :The coffee giant was not immune to COVID-19 pandemic that’s wreaked havoc on the global economy with store closures and stay-at-home orders. When the virus first took hold in China earlier this year, Starbucks was among the first wave of multinationals to shutter stores in the Middle Kingdom.During the quarter, Starbucks earnings plunged 47% from the 60 cents reported in the same period a year ago. In the U.S., comp sales were down 3%, while international comp sales fell 31%.According to analytics firm Placer.ai, nationwide data showed March took a hard hit as U.S. lockdowns shut down nonessential businesses, with visits plunging 30.2% below the baseline — a decrease of over 36% year over year.The company had previously noted in a recent filing that U.S. comp sales had been on track to deliver 8% growth for the first ten weeks of the quarter, but sales worsened becau
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website