Starbucks: Q3 results hit by COVID-19
(CercleFinance.com) - Coffee chain Starbucks has reported a non-GAAP loss per share of -0.
46 follar for the third quarter of its fiscal year, compared to EPS (positive) of 78 cents a year ago.
Its results should of course be put into perspective, as the majority of its outlets were closed during the coronavirus crisis. As a result, same-store sales fell by -40% in one year.
Regarding its expectations, Starbucks anticipates FY EPS of between 0.83-0.98 dollar. Meanwhile, revenues could decline by 12% to 17% - both in Q4 and over the full year.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
46 follar for the third quarter of its fiscal year, compared to EPS (positive) of 78 cents a year ago.
Its results should of course be put into perspective, as the majority of its outlets were closed during the coronavirus crisis. As a result, same-store sales fell by -40% in one year.
Regarding its expectations, Starbucks anticipates FY EPS of between 0.83-0.98 dollar. Meanwhile, revenues could decline by 12% to 17% - both in Q4 and over the full year.
Copyright (c) 2020 CercleFinance.com. All rights reserved.