Henry Schein sales sink 31% in Q2 of 2020

Melville, N.Y.-based Henry Schein saw sales drop 31 percent in the second quarter as Americans stayed home to prevent the spread of COVID-19, according to Yahoo Finance.

Shares of the company are down 1.9 percent. Henry Schein's stock is up 60 percent since March.

Henry Schein Chair and CEO Stanley Bergman said sales were better than expected as offices reopened sooner than anticipated.

"We remain cautiously optimistic about the immediate future while closely monitoring global diagnosed COVID-19 cases and the potential impact on customer activity, and focusing on cash management," Mr. Bergman said. "Our enthusiasm for both our near- and long-term business prospects remains unchanged."

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