Starbucks forecasts over $2 billion drop in quarterly income as COVID-19 hits

June 10, 2020 by  
Filed under News

Starbucks Corp said on Wednesday it expects current-quarter operating income to plunge by up to $2.2 billion, and sales to decline for the rest of the year even as nearly all its cafes have reopened following easing of coronavirus lockdowns.

Source: Reuters Business News

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