SBUX · 10-K · 2026A · Full report

Store Closures and Restructuring

STARBUCKS CORP · 2026-11-12 · Importance 42 · Surprise 42

The fiscal 2025 restructuring plan’s North America coffeehouse closures were substantially completed in fiscal 2025, and most International closures were completed in the first quarter of fiscal 2026. In the second quarter of fiscal 2026, Starbucks approved a plan to relocate certain support functions to a new Nashville, Tennessee office. A third-quarter plan transformed the global support organization and non-retail facilities and reassessed Starbucks Reserve and Roastery assets, resulting in an impairment. In the fourth quarter, Starbucks announced further North America coffeehouse closures for locations that did not meet the brand’s experience and financial-performance expectations.

Key facts

• In the fourth quarter of fiscal 2026, Starbucks announced and executed an additional restructuring plan involving further coffeehouse closures, including closures in North America of locations that did not meet the brand’s expected coffeehouse experience and financial performance. source
• Starbucks expects the third-quarter fiscal 2026 restructuring plan to produce cost savings through a streamlined support structure and simplified operating model for Starbucks Reserve and Roastery locations. source
• In the second quarter of fiscal 2026, Starbucks approved and executed a restructuring plan to relocate certain support organization functions to an additional office in Nashville, Tennessee. source
• In the third quarter of fiscal 2026, Starbucks announced and executed a restructuring plan focused on transforming its global support organization and non-retail facilities and reducing operational complexity at Starbucks Reserve and Roastery locations. source
• In the fourth quarter of fiscal 2026, Starbucks announced and executed an additional restructuring plan involving further coffeehouse closures. source
• Starbucks closed, or plans to close, additional North America coffeehouses that did not deliver the expected brand experience and financial performance. source
• Starbucks closed most North America coffeehouses under the restructuring plan announced and executed in the fourth quarter of fiscal 2025 during fiscal 2025; most International closures were completed in the first quarter of fiscal 2026. source