Starbucks expects hit from coronavirus after closing half of China stores
Share:
(Reuters) - Starbucks Corp on Tuesday became the first major U.S. company to signal a hit from the new coronavirus outbreak in China, as it closed more than half of its stores in China and adjusted its operating hours. The world's largest coffee chain said it would update its 2020 forecast when it is able to reasonably estimate the impact of the outbreak, which has caused over 100 deaths in China.Starbucks operated 4,292 stores in China at the end of last year.Sales at restaurants open for at..