Starbucks coffee chain announced its expectation of losses that will exceed $ 3 billion during the third quarter of the year, in addition to permanently closing 400 of its branches throughout the United States, due to the change in the patterns of Americans going to cafes for reasons related to the crisis of the emerging corona virus in the country. According to the newspaper "Daily Mail".
The coffee giant revealed its forecast for revenues of $ 3.2 billion in the fiscal quarter ending June 28.
"Starbucks stores (the third place) have always known a place that welcomes guests outside of our homes and businesses, where we communicate with a cup of coffee," Starbucks CEO Kevin Johnson said in a statement on Wednesday. The facts of the current situation, while we continue to provide a safe, comfortable and familiar experience for our customers. "
The company's operating income is expected to collapse to between $ 2.2 billion and $ 2.2 billion in the third quarter of the fiscal year. The company estimated a loss of about 55-70 cents per share.