A person wears a protective face mask outside Starbucks in Kips Bay during the coronavirus pandemic on May 13, 2020 in New York City.
Noam Galai | Getty Images
Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2 billion in revenue due to the coronavirus pandemic.
The chain is forecasting adjusted losses per share of 55 cents to 70 cents during for quarter ended June 28. But it expects that its fiscal fourth-quarter earnings will improve, predicting adjusted earnings per share of 15 cents to 40 cents.