Starbucks says situation improving in China

Feb. 27, 2020 11:35 AM ETStarbucks Corporation (SBUX)SBUXBy: Clark Schultz, SA News Editor40 Comments
  • Starbucks (SBUX -2.2%) CEO Kevin Johnson tells CNBC that the company has 85% of its stores in China open, including the flagship roastery in Shanghai.
  • Johnson says the general situation for the company is improving throughout major parts of the nation.
  • Shares of SBUX have recovered from an earlier loss of around 4%.

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