Starbucks to Close 1% of North America Stores, Take $300M Restructuring Charge
SBUX sits 21% above its 52-week low of $77.99.
Summary
Starbucks will close about 1% of its North America coffeehouses, roughly 250 locations, as part of its 'Back to Starbucks' strategy. The company expects $300 million in restructuring charges, including $200 million in cash and $100 million in non-cash asset disposal and impairment costs. Most closures are expected by the end of fiscal 2026, and the company now guides to about 440 net new global coffeehouse openings for the year. This follows a strong Q3 FY2026 with 7.9% global comp growth and raised guidance, but the closures signal a focus on pruning underperforming stores. The restructuring charges will pressure near-term earnings, though the company frames the move as improving the customer experience and long-term financial performance.
At the time of this announcement, SBUX was trading at $94.39 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $107.3B. The 52-week trading range was $77.99 to $110.51. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.