--- description: Starbucks closed about 80% of its 4,300 China locations in early February for the Lunar New Year holiday and the rapid spread of the virus title: Starbucks Says China Is Getting Back to Normal After Coronavirus Slump image: https://static.time.com/v3/assets/bltea6093859af6183b/blt2ab85cd11108b31a/698a0b3322fb85bf0ee2ab19/starbucks-china-coronavirus.jpg?branch=production&width=2400&quality=75&auto=webp&crop=16:9 ---  * [Business](/section/business/) ## Business Update your preferences in [Account Settings](/account/preferences/) Close * [COVID-19](/tag/covid-19/) ## COVID-19 Update your preferences in [Account Settings](/account/preferences/) Close # Starbucks Says China Is Getting Back to Normal After Coronavirus Slump ## Video: The Economic Impact of the Wuhan Coronavirus Outbreak [Watch (HLS stream): The Economic Impact of the Wuhan Coronavirus Outbreak](https://cdn.jwplayer.com/manifests/dy5X2xU0.m3u8) (1:43)  _Published 2020-02-11. China’s economy is grinding to a halt as the government scrambles to stop the spread of the deadly Wuhan coronavirus, fueling fears that efforts to contain the outbreak will have worldwide economic consequences._ by [LESLIE PATTON / BLOOMBERG](/author/bloomberg/) ## LESLIE PATTON / BLOOMBERG Update your preferences in [Account Settings](/account/preferences/) Close Mar 6, 2020 8:36 AM CUT  An employee checks the temperature of a customer at the entrance of a Starbucks Corp. coffee shop in Shanghai, China on March 2, 2020. An employee checks the temperature of a customer at the entrance of a Starbucks Corp. coffee shop in Shanghai, China on March 2, 2020.Qilai Shen—Bloomberg/Getty Images by [LESLIE PATTON / BLOOMBERG](/author/bloomberg/) ## LESLIE PATTON / BLOOMBERG Update your preferences in [Account Settings](/account/preferences/) Close Mar 6, 2020 8:36 AM CUT (Bloomberg)—Starbucks Corp. saw its business in China crater in recent months — but assured investors it’s quickly getting back to normal. The coronavirus outbreak will curb profit this quarter by as much 18 cents a share, the Seattle-based company said in a filing Thursday. The key measure of comparable sales in China, meanwhile, will fall about 50% in the second quarter from a year earlier. Still, Starbucks said the impact will be temporary. The company’s shares alternated between losses and gains in late trading. _Sign up for our daily coronavirus newsletter by clicking_ [_on this link_](https://cloud.newsletters.time.com/coronavirus?source=article "undefined")_, and please send any tips, leads, and stories to_ [_virus@time.com_](mailto:virus@time.com "undefined")_._ “Although there are near-term financial implications, our long-term, optimistic outlook for the growth potential of Starbucks is undiminished,” the company said, noting that it’s too early to estimate the effect the viral disease will have on its full-year results. Starbucks expects a coronavirus-related headwind of as much as $430 million to China’s revenue this quarter. Early signs of recovery are emerging as the coffee giant is seeing sequential improvements in weekly sales. Starbucks, which identified China as its key areas of focus alongside the U.S., is opening a location in China about every 15 hours. To combat rising competition from local rivals such as Luckin Coffee Inc., Starbucks has been expanding delivery and increasing its advertising. Some store openings planned for this financial year will likely be deferred to next year due to the virus outbreak disrupting construction activities, [according to the company](https://stories.starbucks.com/uploads/2020/03/Letter-from-Kevin-Johnson-and-Patrick-Grismer.pdf "undefined"). Starbucks closed about 80% of its 4,300 China locations in early February for the Lunar New Year holiday and the rapid spread of the virus. Now, the vast majority of locations have opened again with enhanced safety protocols, the company said, adding that the store opening rate will reach about 95% at the end of the quarter. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/5797779/starbucks-china-coronavirus/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/5797779/starbucks-china-coronavirus/"},"headline":"Starbucks Says China Is Getting Back to Normal After Coronavirus Slump","datePublished":"2020-03-06T08:36:16.000Z","dateModified":"2026-02-24T08:24:05.058Z","description":"Starbucks closed about 80% of its 4,300 China locations in early February for the Lunar New Year as the virus spread","url":"https://time.com/5797779/starbucks-china-coronavirus/","keywords":["COVID-19","China","Companies","onetime","overnight"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt2ab85cd11108b31a/698a0b3322fb85bf0ee2ab19/starbucks-china-coronavirus.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"LESLIE PATTON / BLOOMBERG"}],"articleSection":"Business","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt2ab85cd11108b31a/698a0b3322fb85bf0ee2ab19/starbucks-china-coronavirus.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"starbucks-china-coronavirus","caption":"Starbucks China Coronavirus","creditText":"Qilai Shen—Bloomberg/Getty Images","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/business/","name":"Business"}},{"@type":"ListItem","position":2,"item":{"@id":"/tag/covid-19/","name":"COVID-19"}},{"@type":"ListItem","position":3,"item":{"@id":"https://time.com/5797779/starbucks-china-coronavirus/","name":"Starbucks Says China Is Getting Back to Normal After Coronavirus Slump"}}]},{"@context":"https://schema.org","@type":"VideoObject","name":"The Economic Impact of the Wuhan Coronavirus Outbreak","description":"China’s economy is grinding to a halt as the government scrambles to stop the spread of the deadly Wuhan coronavirus, fueling fears that efforts to contain the outbreak will have worldwide economic consequences.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/dy5X2xU0/poster.jpg?width=720","uploadDate":"2020-02-11T13:32:54.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/dy5X2xU0.m3u8","embedUrl":"https://time.com/5797779/starbucks-china-coronavirus/","duration":"PT1M43S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/5797779/starbucks-china-coronavirus/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}}] ```