Starbucks Corp. said customers in the U.S. helped to drive up sales in its latest quarter, but the coffee chain faces a new threat to business in China after temporarily closing more than half of its stores in China because of the coronavirus outbreak. The Seattle-based company said Tuesday the closures in its second-largest market would have an effect on the fiscal second-quarter and full-year financial results. Starbucks had 4,292 stores in China at the end of last year, up 16% from 2018.

Source: Wall Street Journal January 28, 2020 21:37 UTC