The coffee chain said it expects to accelerate the development of pickup locations in major U.S. cities over the next 18 months.
The coffee giant also withdrew its outlook for fiscal 2020.
Companies are cutting operations and restricting nonessential travel to mainland China as the virus spreads.
By 2030, the coffee chain wants to cut carbon emissions in half and reduce half of its waste.
The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
The Chinese challenger to Starbucks is going public soon after being in operation for only 19 months.
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.
Stein Mart, Dominion Energy, Starbucks, Manitex, 8x8, Perma-Pipe, Sikich, AgroFresh, Primoris
The veteran finance executive has extensive restaurant experience, including nearly four years as CFO at Yum Brands.
Starbucks, International Paper, Enphase Energy, Royal Gold, Herc Holdings, Powell Industries, Shiloh Industries, Enviva Partners, Quantum
The coffee chain's shares dip more than 3% on news that Scott Maw is leaving after just four years as finance chief.
