STARBUCKS CORP (SBUX): restructuring charge — 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.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

STARBUCKS CORP announced a restructuring with charges of approximately $400 million of restructuring charges affecting domestic and international support organization, non-retail facilities, Starbucks Reserve and Roastery locations.

Type: restructuring
Charge: approximately $400 million of restructuring charges
Affected area: domestic and international support organization, non-retail facilities, Starbucks Reserve and Roastery locations

Exact text from the filing

Of the approximately $400 million of restructuring charges to be incurred, the Company anticipates that approximately $280 million will be non-cash charges due to impairment of long-lived assets, including right-of-use lease assets, primarily related to reassessment of the asset group associated with its ongoing Starbucks Reserve and Roastery locations and optimizing its non-retail support facility portfolio. The remaining $120 million of restructuring charges will be cash charges primarily related to employee separation benefits due to further optimization of our global support organization.

View on SEC.gov

6 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

STARBUCKS CORP filing history →

Source: SEC EDGAR

accession 0000829224-26-000088

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.