Business Corona virus has a noticeable impact on Starbucks business

Corona virus has a noticeable impact on Starbucks business

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Starbucks

The coffee house chain has now closed more than half of its branches in China.


(Photo: AP)

Seattle Starbucks earned better than expected in the most recent quarter, but warned of uncertainties related to the Corona virus. The business outlook for 2020 will only be updated if the consequences for the company can be reasonably assessed, Starbucks said on Tuesday after the US market closed.

The chain has closed more than half of its branches in China and is in the process of adjusting its business hours. Investors reacted unsettled, the stock fell deeper into the red after the exchange.

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