Starbucks Reports Impact of COVID-19 on China Business

March 05, 2020 • 1 min read

Starbucks has been actively monitoring the coronavirus situation with the health and well-being of Starbucks partners and customers remaining the top priority.

Today, in an open stakeholder letter from CEO Kevin Johnson and CFO Pat Grismer filed as an 8-K, the company shared insight into the temporary impact that the coronavirus has had on Starbucks business in China in Q2, as well how leading through the company’s Mission and Values is driving the strength and resilience of the brand.

Read the full letter:

Letter from Kevin Johnson and Patrick Grismer
Form 8-K
thumbnail for New Starbucks Iced Gingerbread Oatmilk Chai is a festive twist on a favorite flavor
Read More

New Starbucks Iced Gingerbread Oatmilk Chai is a festive twist on a favorite flavor

More Like This

When a new virus began to emerge in China, Starbucks made the decision to close most of its stores to help stop the spread – and then took unprecedented steps to care for its partners and customers.

Located in Riverside 66, a Renaissance-style building constructed in 1921, this flagship store reimagines a nearly century-old heritage building to create an inspiring Third Place experience.

The nationwide rollout consists of a new range of 21 products, including whole bean and roast and ground packaged coffees, as well as the first-ever Starbucks capsules.