Starbucks' board of directors approved additional actions under its "Back to Starbucks" strategy, including plans to close about 1% of its more than 18,000 North America coffeehouses that fail to meet the brand's expected customer experience and financial performance standards, with most closures expected by the end of fiscal 2026. The company expects approximately $300 million in restructuring charges, comprising $200 million in cash costs primarily for lease exits and employee separation benefits and $100 million in non-cash charges tied to disposal and impairment of company-operated coffeehouse assets. Starbucks now expects approximately 440 net new global company-operated and licensed coffeehouse openings in fiscal 2026, down from previous guidance of 600 to 650, a revision reflecting about 250 North America closures partly offset by higher net new openings in international markets. The move follows a recent report that Starbucks is considering selling a majority stake in its Japan business in a potential transaction that could value its largest overseas company-operated market at approximately $3 billion. Starbucks shares were up 0.45% at $94.05 at publication on Friday.
Starbucks CorporationStarbucks approved closing ~1% of North America stores and cut fiscal 2026 net new store openings to ~440 from 600-650, incurring ~$300M in restructuring charges.
