March 5, 2020 / 9:49 PM / a month ago

Starbucks quarterly same store sales in China to fall by about 50%

March 5 (Reuters) - Starbucks Corp said on Thursday it expects China sales at stores open for at least a year to fall by about 50% in the second quarter due to the coronavirus outbreak.

The world’s largest coffee chain said the epidemic could reduce its quarterly revenue in China by $400 million to $430 million. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

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