Starbucks approves $400M restructuring plan; $280M non-cash impairment, $120M cash charges

STARBUCKS CORP

Board approved $400M restructuring charge: $280M non-cash (asset impairment), $120M cash (severance).
Non-cash portion from impairment of long-lived assets, right-of-use assets at Reserve/Roastery and non-retail facilities.
Cash charge of $120M primarily for employee separation benefits as global support organization is streamlined.
Majority of actions expected completed by end of fiscal 2026; charges mostly incurred in FY2026.

item 2.05

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