Starbucks sees sales impact from coronavirus stretching into end of 2020


Reuters | Updated: 09-04-2020 03:05 IST | Created: 09-04-2020 03:01 IST
Starbucks sees sales impact from coronavirus stretching into end of 2020
Representative Image Image Credit: ANI

Starbucks Corp said on Wednesday the financial hit from the coronavirus pandemic would extend into the final quarter of 2020, but added that it had no plans to cut its quarterly dividend.

Starbucks also said it would temporarily suspend its share buyback program while taking steps to delay expenditures and reduce costs.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback