Why I'm Holding Starbucks Stock No Matter What
Starbucks (NASDAQ: SBUX) has already faced major business disruptions due to the coronavirus. The chain chose to close more than half of its stores in China, and it operated many others under strong restrictions, like only offering takeout.
Those problems may eventually reach the United States. Even if the coffee chain does not face massive closures, it's going to lose sales as people leave the house less often and cancel trips to the kinds of tourist attractions that are strongholds for Starbucks.
The impact on earnings will be significant -- but eventually, the crisis will pass and customers will return.
Source Fool.com
