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Starbucks takes $3 billion hit to revenue during pandemic

city Seattle virus outbreak pandemic
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Starbucks took a virus-related revenue hit potentially exceeding $3 billion in its third quarter. The brewer said in a regulatory filing Wednesday that the virus outbreak also slashed its operating income between $2 billion and $2.2.

billion as the virus raged. Starbucks was forced to close its stores to customers, but continued to operate pick-up and other services in most locations.

The Seattle company said 95% of U.S. company-run stores are in operation at varying levels of service, just slightly lower than operations globally.

Starbucks provided a preliminary estimate for a third-quarter adjusted loss of about 55 cents to 70 cents per share. Analysts polled by FactSet predict a loss of 16 cents per share.

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United States
United States
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Recovered: 0
India
India
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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