secwatch.observer — SEC 8-K summary
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Issuer:     STARBUCKS CORP (SBUX)
CIK:        0000829224
Form:       8-K
Filed at:   2026-09-24T10:55:27+00:00
Accession:  0000829224-26-000145
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.05, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Starbucks to close ~1% of North America stores, cut FY2026 openings guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/829224/000082922426000145/0000829224-26-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/829224/000082922426000145/sbux-20260922.htm
  HTML page:      https://secwatch.observer/filing/0000829224-26-000145

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