other material
confidence high
sentiment negative
materiality 0.65
Starbucks to close ~1% of North America stores, cut FY2026 openings guidance
STARBUCKS CORP
- Approximately 1% of more than 18,000 North America coffeehouses to close (~250 stores).
- $300M restructuring charges: ~$200M cash (lease exit, severance) and $100M non-cash (impairment).
- FY2026 net new global openings guidance cut to ~440 from prior 600-650.
- Majority of closures expected by end of FY2026; significant charges incurred in fiscal 2026.