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.
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.
The coffee giant's U.S. store traffic was flat in the second quarter despite heavy Happy Hour discounting.
The coffee chain says the federal tax overhaul "accelerated" the new compensation package, with $120 million going toward a second wage hike this year.
The coffee giant is being "squeezed by competitors ranging from boutique coffee sellers to lower-price rivals including McDonald's."
