SBUX · 8-K · 20261029PR000154

Restructuring Charges

STARBUCKS CORP · 2026-10-29 · Importance 49 · Surprise 66

Fiscal 2026 restructuring and impairment charges were $688.6 million, down 22.8% from $892.0 million in fiscal 2025. Q4 charges were $272.8 million, compared with $755.0 million a year earlier, including $270.2 million in North America. In September 2026, Starbucks closed approximately 250 company-operated North America coffeehouses that it said did not meet expected customer-experience and financial-performance standards. The company identified the Q4 closures as part of its “Back to Starbucks” restructuring plan.

Key facts