Starbucks Reports Earnings Amidst COVID-19 Pandemic

Published on: 29 Apr, 2020

Starbucks Corporation (NASDAQ: SBUX) reported financial results for its 13-week fiscal second quarter ended March 29, 2020. The retailer of specialty coffee worldwide reported global comparable store sales declined 10%, driven by a 13% decrease in comparable transactions, partially offset by a 4% increase in average ticket. Americas and U.S. comparable store sales declined 3%, driven by a 7% decrease in comparable transactions, partially offset by a 5% increase in average ticket

International comparable store sales were down 31%, driven by a 32% decline in comparable transactions, slightly offset by a 1% increase in average ticket; China comparable store sales were down 50%, with comparable transactions down 53%.

"People around the world are united around a common cause as we navigate the COVID-19 situation globally. We are very grateful for the heroic efforts of medical personnel, first responders, government officials and volunteers who are working tirelessly in the service of others. I am exceptionally proud of the thousands of Starbucks partners around the world who are safely serving customers and playing a positive role in every community we serve," said Kevin Johnson, president and ceo.

"Since the beginning of this global crisis, Starbucks has made decisions that prioritize the well-being of our partners and customers, support health and government officials, and responsibly serve our communities. This principled approach is showing steady business improvement in China where today, substantially all existing Starbucks® stores have reopened with modified operations, new store locations are being added and customer engagement continues to grow with each passing week. We are leveraging our experience in China to inform our actions in other markets, including the U.S., where we are now entering the ‘monitor and adapt’ phase to reopen many more stores with best-in-class safety protocols. We continue to navigate this dynamic situation — which we believe is temporary — and are confident that Starbucks will emerge from this global crisis even stronger than before," concluded Johnson.

Net revenues for the Americas segment of $4.3 billion in Q2 FY20 were flat relative to Q2 FY19, as an increase from 552 net new store openings over the past 12 months, or 3% store growth, was offset by a 3% decrease in comparable store sales due to lost sales related to the COVID-19 outbreak.

Ratings

Ratings
  • 1405Views
  • 6Comments

Recommend to Friends

  • facebook
  • Twitter
  • google plus
  • pinterest
  • Digg
  • stumbleupon
  • Reddit
  • linkedin

Bryan Shin

Email: Bryan@financialinsiders.com

@Newsletter

Sign Up for Weekly Updates

Opt-into our eNewsletter NOW! For the Latest Trending Financial News Topics in Cannabis, Tech, Biotechs, Precious Metals, Energy, Renewable Energy and much more!

Related Posts

28 Jun, 2017 1970
06 Jul, 2017 1904
07 Jul, 2017 1872
04 Aug, 2017 2706

6 Comments

Svetlanaivr

Mar 06, 2021 at 12 59 pm

Рекомендую Вам отличную пасеку, на которой покупаю большой ассортимент пчелопродукции как для себя таки для своих знакомых.
Пчеловоды делают всю пчелопродукцию на отлично, советы как принимать по важным вопросам дают. Очень много нужных статей на блоге, Вот несколько из них:
https://sabettingforum.com/forum/topic/%d0%bc%d0%b5%d0%b4-%d1%86%d0%b2%d0%b5%d1%82%d0%be%d1%87%d0%bd%d1%8b%d0%b9-%d1%81%d0%b2%d0%be%d0%b9%d1%81%d1%82%d0%b2%d0%b0/#postid-1359
https://lapisco.ifce.edu.br/lapisco-apresenta-trabalho-no-sbie-2018-entitulado-o-uso-de-redes-neurais-artificiais-para-analise-da-presencialidade-em-um-forum-lv-b1-em-computacao/?unapproved=93823&moderation-hash=8a6ecea0ee2abde83b08e600c063ab4a#comment-93823
https://kamdanlife.network/forums/index.php?/topic/289311-%D0%BF%D1%80%D0%BE%D0%BF%D0%BE%D0%BB%D0%B8%D1%81-%D0%BA%D1%83%D0%BF%D0%B8%D1%82%D1%8C/
https://forum.vykup888.ru/viewtopic.php?f=34&t=1712
https://forum.l2mars.com/index.php?/topic/7289-%D0%BD%D0%B0%D1%81%D1%82%D0%BE%D0%B9%D0%BA%D0%B0-%D0%B2%D0%BE%D1%81%D0%BA%D0%BE%D0%B2%D0%BE%D0%B9-%D0%BC%D0%BE%D0%BB%D0%B8/

Одним словом они молодцы и я их советую.
Вот их интернет ресурс где я оформлял продукты для иммунитета - https://med-na-dom.com/

REPLY (0)

Ivaneqy

Mar 06, 2021 at 03 29 pm

Рекомендую Вам кропотливо перебирать СМИ источники поиска информации. Очень много правительственных и заангажированных.
Хотела бы Вам предложить хорошее СМИ - russinfo.net, где я часто ищу информацию. Информация по ссылке:
https://tenec.cc/index.php?/topic/3308-%D0%BF%D0%B5%D0%BD%D1%81%D0%B8%D0%BE%D0%BD%D0%BD%D0%B0%D1%8F-%D1%80%D0%B5%D1%84%D0%BE%D1%80%D0%BC%D0%B0-%D0%B2-2021-%D0%B3%D0%BE%D0%B4%D1%83-%D0%B2-%D1%80%D0%BE%D1%81%D1%81%D0%B8%D0%B8/
https://kamdanlife.network/forums/index.php?/topic/298005-%D0%B3%D0%BE%D1%80%D0%BE%D1%81%D0%BA%D0%BE%D0%BF-%D0%B4%D0%BB%D1%8F-%D1%80%D1%8B%D0%B1-%D0%BD%D0%B0-%D0%B0%D0%B2%D0%B3%D1%83%D1%81%D1%82-2021/
https://freecasinorus.com/forum/viewtopic.php?f=2&t=35142
http://hamsafon.tj/user/Ivannwo/
http://www.couponness.com/author/ivanjqr/

А где ищите Вы?

REPLY (0)

Igorzci

Mar 07, 2021 at 08 17 am

Каждый из нас любит почитать СМИ или посмотреть Ютуб, что узнать что делается в мире и Украине.
Но очень важно чтоб источник новостей был правдивый и Вы не получали лживую информацию.
Я нашел очень хороший источник новостей и рекомендую его Вам - ukr-life.com.ua
Последнее время смотрю новости только здесь.
Так же вот несколько из последних новостей, которые просто сбивает с ног:
http://aoooir.kz/user/Igornfb/
http://www.walleyebaits.net/walleye-forums/viewtopic.php?f=5&t=35&p=3540#p3540
http://pego.kiev.ua/member.php?u=604993
http://ziranov.ru/up3/index.php?subaction=userinfo&user=Igorkqb
http://turpaahjul.com/forum/member.php?1786366-Igorigt

REPLY (0)

Sergxpq

Mar 07, 2021 at 09 03 am

Do you know what holiday it is today?
We are used to the fact that we know only religious and public holidays and celebrate only them.
I found out about this only yesterday after visiting the site https://whenisholiday.com/.
It turns out that every day there are from 2 to 10 different holidays that surround us and make our lives happier.
Here is one of the holidays that will be today:
http://www.cleaning-s.com/catalog/41-rezinovye_i_yacheistye_pokrytiya/rezinovoe_napolnoe_pokrytie_avtodorozhka.html
https://forum.lyra.im/index.php?/topic/427-juneteenth-2021/
https://l2doom.com/forum/index.php?/topic/914-milk-day-2021/
https://flyfish-adventures.com/reisen/island-midfjardara-juli-2014.html
http://www.davidnfrench.com/Dot_SubmitFinal1.asp?submitid=738

REPLY (0)

Igorlho

Mar 09, 2021 at 06 55 am

Каждый из нас любит почитать СМИ или посмотреть Ютубчик, что узнать что творится в мире и Украине.
Но очень важно чтоб источник новостей был правдивый и Вы не получали вредную информацию.
Я нашел очень полезный источник новостей и советую его Вам - ukr-life.com.ua
Последнее время смотрю новости только здесь.
Так же вот несколько из свежих статей, которые просто сбивает с ног:
http://trexesports.com/boards/topic/432/%D0%BA%D0%B0%D0%BA%D0%B0%D1%8F-%D0%B1%D1%83%D0%B4%D0%B5%D1%82-%D1%81%D0%BE%D1%86%D0%B8%D0%B0%D0%BB%D1%8C%D0%BD%D0%B0%D1%8F-%D1%81%D1%82%D0%B8%D0%BF%D0%B5%D0%BD%D0%B4%D0%B8%D1%8F-2021-%D0%B2-%D1%83%D0%BA%D1%80%D0%B0%D0%B8%D0%BD%D0%B5
http://redroom.online/memberlist.php?mode=viewprofile&u=92
http://nytva.org/memberlist.php?mode=viewprofile&u=285194
http://the-cinema.online/user/Igorfzn/
https://store.kensoft.co/user/Igorvaz/

REPLY (0)

Evapes

Mar 10, 2021 at 04 05 pm

Занимаюсь оздоровлением уже более 10 лет.
И вот недавно прочитал информацию что пчелопродукты очень нужны и отлично повышают иммунитет.
Перечитав много информации на сайте http://www.pchelandiya.net/, я узнал много полезного для себя.
А так же нашел множество народных рецептов на основе пчелопродуктов.
Вот кстати несколько хороших статей:
http://learningrussian.com/forum/memberlist.php?mode=viewprofile&u=45564
http://the-cinema.online/user/Evalcl/
https://forum.l2mars.com/index.php?/topic/8020-%D1%81%D0%B2%D0%B5%D1%87%D0%B8-%D1%81-%D0%BF%D1%80%D0%BE%D0%BF%D0%BE%D0%BB%D0%B8%D1%81%D0%BE%D0%BC-%D0%BE%D1%82-%D0%BF%D1%80%D0%BE%D1%81%D1%82%D0%B0%D1%82%D0%B8%D1%82%D0%B0/
http://aggio.kiev.ua/kurilka/1166-forum-foreks-75.html#post841954254
http://renrags.com/author/evatjx/

Думаю Вам будет полезно...

REPLY (0)