Starbucks has taken a virus-related revenue hit, which could potentially exceed $3 billion in its third quarter. The coffee chain stated that the virus outbreak has slashed its operating income over $2 billion.
Starbucks has been forced to close its stores to customers, however they have continued to operate pick-up and other services in most locations, meaning that the have still been able to keep some cash entering the business.
The Seattle company said 95% of US company-run stores are in operation at varying levels of service, just slightly lower than operations globally.
