Factbox: Businesses signal earnings hit as coronavirus takes a toll

Plexus

23/03/2020 18:04

(Adds Delta Air Lines, Marriott, Adidas and Coca-Cola)
    March 3 (Reuters) - As the coronavirus epidemic rapidly
spreads across the world, corporations are warning on hits to
their financial results as the outbreak disrupts supply chains
and business activity.
    Here's a list of some big names that have announced
financial impact from the outbreak.
 Company                 Coronavirus Impact
 Delta Air Lines Inc     Expects Q2 revenue to fall by $10
  DAL.N                  billion, an 80% reduction compared
                         with a year earlier  urn:newsml:reuters.com:*:nL4N2BD41U
 Marriott International  Expects a roughly $25 million hit to
  MAR.O                  its monthly fee revenue  urn:newsml:reuters.com:*:nL3N2AQ4Q1
 Adidas AG  ADSGn.DE     Expects Q1 sales to drop by up to 1
                         billion euros ($1.1 billion) in
                         Greater China, and overall to fall
                         more than 10%  urn:newsml:reuters.com:*:nL8N2B42I3
 Qorvo Inc  QRVO.O       Chipmaker currently estimates revenue
                         in the March quarter of about $770
                         million, or $50 million below the
                         midpoint of its prior
                         forecast. urn:newsml:reuters.com:*:nL4N2AE35A
 Canada Goose Holdings   Expects an annual revenue hit of up to
 Inc  GOOS.TO   GOOS.N   C$51.6 million (about $36
                         million) urn:newsml:reuters.com:*:nL4N2A73CP
 Capri Holdings Ltd      Versace owner warns of a $100 million
  CPRI.N                 hit  urn:newsml:reuters.com:*:nL4N2A5380
 Estee Lauder Cos Inc    Trims fiscal 2020 per-share earnings
  EL.N                   forecast  urn:newsml:reuters.com:*:nL4N2A63LB
 Ralph Lauren Corp       Expects a $55 million to $70 million
  RL.N                   hit to its Q4 sales in Asia
                          urn:newsml:reuters.com:*:nL4N2AD3Q4
 Tapestry Inc  TPR.N     Warns 2H financial results may be
                         dented by about $200 million to $250
                         million in sales and 35 cents to 45
                         cents in earnings per share.
                          urn:newsml:reuters.com:*:nL4N2A63C0
 New York Times Co       Expects digital ad sales to decline by
  NYT.N                  10% in Q1  urn:newsml:reuters.com:*:nL4N2AV3YY
 Plexus Corp  PLXS.O     To take nearly $40 million hit to
                         current-quarter revenue  urn:newsml:reuters.com:*:nASA00FZ0
 Carnival Corp  CCL.N    Expects a loss for the fiscal year
                         ending Nov. 30  urn:newsml:reuters.com:*:nL4N2BC5IS
 Coca-Cola Co  KO.N      Currently estimates 1 to 2 penny
                         impact to Q1 earnings per share
                          urn:newsml:reuters.com:*:nASA00EJJ
 HP Inc  HPQ.N           Q2 profit to be hit by 8 cents per
                         share  urn:newsml:reuters.com:*:nASA00ESN
 
 (Reporting by Uday Sampath, Amal S and Sanjana Shivdas in
Bengaluru; Editing by Shailesh Kuber and Sriraj Kalluvila)
 ((UdaySampath.Kumar@thomsonreuters.com; within U.S.+1 646 223
8780; Twitter: @sampath_uday; Reuters Messaging:
UdaySampath.Kumar.thomsonreuters.com@reuters.net))