Starbucks says no perceptible signs of covid-19 impact on u.s. business to date

Starbucks corp - to date, there are no perceptible signs of covid-19 impact on our u.s. business.starbucks corp - currently, more than 90% of our stores in china are open but operating under elevated safety protocols.starbucks corp - majority of starbucks stores in china that are currently open are operating at reduced hours.starbucks - expect at end of q2 fy20, about 95% of our stores in china will be open but will continue to operate with elevated safety protocols.starbucks corp - reopened our china headquarters, regional support centers (excluding wuhan support center in hubei province).starbucks corp - due to covid-19 in china, currently estimate comp store sales in china for q2 will be down about 50% versus the prior year.starbucks - expect a covid-19-related headwind of approximately $400 million to $430 million to china’s revenue in q2 fy20 versus prior expectations.starbucks - business disruption related to covid-19 in china expected to have an adverse impact to q2 gaap, non-gaap earnings per share in range of $0.15 to $0.18.starbucks corp - some store openings planned for fiscal year 2020 in china will likely be deferred to fiscal year 2021.starbucks corp - we believe that financial impacts of covid-19 are temporary.starbucks - estimates for china’s q2 comp store sales, revenue reflect current expectation that almost all stores in market will be open by quarter end.
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