Starbucks reports q2 fiscal 2020 results

Starbucks reports q2 fiscal 2020 results.q2 non-gaap earnings per share $0.32.q2 gaap earnings per share $0.28.q2 revenue $6.0 billion versus refinitiv ibes estimate of $5.89 billion.q2 earnings per share estimate $0.34 -- refinitiv ibes data.covid-19 impacts expected to intensify in q3 and moderate in q4.substantial recovery in china expected by end of fiscal 2020.starbucks - expect china's sales to substantially recover with comparable store sales roughly flat to prior year levels at end of fiscal year 2020.starbucks - q2 global comparable store sales declined 10%.q2 americas and u.s. comparable store sales declined 3%.q2 international comparable store sales were down 31%.in quarter, starbucks rewards loyalty program grew to 19.4 million active members in u.s., up 15% year-over-year.sees fiscal year 2020 capital expenditures of about $1.5 billion.starbucks - on covid-19 outbreak, currently unable to estimate full company financial impacts with reasonable accuracy.sees fiscal year 2020 china comparable store sales growth -15% to -25%.sees q3 fy20 china comparable store sales growth -25% to -35%.sees fy 2020 channel development gaap revenue decline of 6% to 8% with modest operating margin improvement.sees q4 fy20 china comparable store sales growth -10% to flat.co opened 255 net new stores in q2, yielding 6% year-over-year unit growth, ending the period with 32,050 stores globally.
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