Starbucks says comparable store sales will substantially recover in china and u.s. in fiscal 2021

Starbucks corp ceo- u.s. comps improved sequentially from -14% in may,to -1% in june to +2% for july month-to-date. - conf call.starbucks corp ceo- saw acceleration in customers who downloaded starbucks app and joined starbucks rewards, totaling 3 million in q3 and up 17% from q2.starbucks corp ceo- demand for at-home coffee has soared in q3; co's share of total packaged coffee grew significantly in q3 in u.s.starbucks - estimates july comparable store sales for u.s. company-operated locations to be about -14%, sequential improvement from the -19% in june.starbucks - expects international comparable store sales to decline between 10% and 15% in q4.starbucks - expect revenue to decline 10%-15% in q4, reflecting impact of covid-19, estimate to be between about $1.4 billion to $1.65 billion.starbucks - we currently expect the business will return to profitability in q4, with eps improving very meaningfully compared to q3.starbucks - expects gaap eps in q4 of $0.06 to $0.21 and non-gaap eps of $0.18 to $0.33.starbucks - expects gaap eps in fiscal 2020 of $0.50 to $0.65 and non-gaap eps of $0.83 to $0.98.starbucks - comparable store sales will substantially recover in china and u.s. in fiscal 2021 by the end of first and second quarters, respectively.
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