SEEKING ALPHA reports:

During a call with UBS, Starbucks (SBUX +2.0%) CFO Pat Grismer outlined the impact of store closings on profit and cash burn.

“So when you think about the shape of our store closures and store re-openings, it was in that third week of March that we closed more than half of our stores in the US and we were only operating at drive-thru, and even with that it reduced volumes.

“From the middle of March through the ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article


You must be logged in to post a comment.