SBUX · News · 20261001N
Store Closures and Restructuring
STARBUCKS CORP · 2026-10-01 · Importance 72 · Surprise 74 · In source text
Starbucks plans to close 250 North American stores as part of a productivity and profitability initiative. The company expects approximately $300 million in restructuring charges from the store-closure program. Fiscal 2026 net new store openings are being reduced to 440 from the prior range of 600–650. The reported fiscal third-quarter revenue declined 1.40% year over year, although adjusted earnings per share and revenue exceeded expectations.
Key facts
- Starbucks expects an estimated $300 million in restructuring charges. source
- Starbucks will reduce its fiscal 2026 net new openings to 440 from an original range of 600-650. source
- Starbucks plans to close 250 North American stores. source
- Starbucks reported a 1.40% year-over-year revenue decline for the fiscal third quarter. source
- The company reported better-than-expected adjusted earnings per share and revenue for the fiscal third quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | probable | -1.6% | Starbucks expects an estimated $300 million in restructuring charges. |
| revenue | negative | probable | — | Starbucks will reduce its fiscal 2026 net new openings to 440 from an original range of 600-650. |
| revenue | negative | probable | — | Starbucks plans to close 250 North American stores. |