secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2025-09-25T23:59:59+00:00
Accession:  0000829224-25-000067
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks approves $1B restructuring; 900 job cuts and store closures planned
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- Board approved plan on Sept 23, 2025; total charges ~$1B, 90% in North America.
- Approximately 900 non-retail partner roles eliminated; severance and support offered.
- Company-operated store count in NA to decline ~1% net in FY2025, ending ~18,300 total locations.
- Charge breakdown: $150M employee separation, $400M asset impairment/disposal, $450M lease costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000067/0000829224-25-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922425000067/sbux-20250923.htm
  HTML page:      https://secwatch.observer/filing/0000829224-25-000067

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer