J.P. Morgan Downgrades Starbucks to Neutral
The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
Luckin Coffee Set for IPO
The Chinese challenger to Starbucks is going public soon after being in operation for only 19 months.
Starbucks Same-Store Sales Pick Up Steam
The coffee chain posts a third straight quarter of accelerating sales growth, indicating its streamlining efforts are paying off.
Investors and the public will no longer tolerate personal misconduct by executives. Now, boards have to do the same.
CFOs on the Move: Week Ending Oct. 12
Stein Mart, Dominion Energy, Starbucks, Manitex, 8x8, Perma-Pipe, Sikich, AgroFresh, Primoris
Starbucks Names Hyatt’s Pat Grismer as CFO
The veteran finance executive has extensive restaurant experience, including nearly four years as CFO at Yum Brands.
CFOs on the Move: Week Ending June 29
Starbucks, International Paper, Enphase Energy, Royal Gold, Herc Holdings, Powell Industries, Shiloh Industries, Enviva Partners, Quantum
Starbucks CFO Stuns Wall Street With Retirement
The coffee chain's shares dip more than 3% on news that Scott Maw is leaving after just four years as finance chief.
Starbucks’ Credit Downgraded Over ‘Rapid Shift in Financial Policy’
S&P lowered the coffee retailer's corporate rating due to higher expected leverage from a plan to return $25 billion to shareholders by 2020.
Starbucks Sales Top $6B But Shares Drop 2%
The coffee giant's U.S. store traffic was flat in the second quarter despite heavy Happy Hour discounting.
Starbucks Boosts Pay, Benefits in $250M Move
The coffee chain says the federal tax overhaul "accelerated" the new compensation package, with $120 million going toward a second wage hike this year.