Starbucks expects the coronavirus pandemic to reduce sales this quarter by as much as $US3.2 billion ($4.6 billion), dragging down the coffee chain's performance as it sees a recovery stretching into next year.
The company, which like other restaurants has had a difficult time offering guidance, said on Wednesday it expects to report an adjusted loss of 55 to 70 cents a share when it next releases earnings. Operating income will decline as much as $US2.2 billion in the period, the company said in a statement.
