Aimed at protecting the health and safety of customers and employees during the COVID-19 breakout, SmileDirectClub (NASDAQ:SDC) will close all SmileShops,
except its Hong Kong locations, through Monday, April 6. Its dentists,
orthodontists and dental/customer care teams will continue to be
available 24/7 via its telehealth platform.
SmileBus fleet operations have also been suspended
and, beginning Sunday, March 22, the company will shift to an
Impression Kit-only business.
Manufacturing will be shut down for two weeks
while making its 3D printing available to third parties to make products
needed to address the outbreak.
It expects COVID-19 to materially impact Q1 and
(likely) Q2 results, adding that it does not know the expected impact on
2020 guidance yet.
https://seekingalpha.com/news/3553943-smiledirectclub-to-close-stores-temporarily-due-to-coronavirus-outbreak
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