SBUX · 10-K · 2026A · Full report

Restructuring Charges

STARBUCKS CORP · 2026-11-12 · Importance 34 · Surprise 42

In the third quarter of fiscal 2026, Starbucks reassessed and impaired assets associated with non-retail facility transformation and reduced operational complexity at Starbucks Reserve and Roastery locations. In the fourth quarter, the company announced and executed an additional restructuring plan, closing or planning to close North America coffeehouses that did not meet its brand-experience and financial-performance criteria. For fiscal 2026, Starbucks recorded $372.5 million in restructuring and impairments for company-operated coffeehouse and non-retail facility assets, including $113.0 million of ROU lease asset impairments, compared with $352.8 million of coffeehouse asset impairment and disposition costs in fiscal 2025. Fiscal 2026 lease-exit costs were $196.0 million, down from $239.3 million in fiscal 2025, a decrease of approximately 18.1%.

Key facts

• For the fiscal year ended September 27, 2026, Starbucks recorded $372.5 million in restructuring and impairments related to impairment and disposition of company-operated coffeehouse and non-retail facility assets, including $113.0 million of ROU lease asset impairments. source
• For the fiscal year ended September 27, 2026, Starbucks recorded $196.0 million primarily for accelerated amortization of ROU lease assets and other lease exit costs from closing certain company-operated coffeehouses and non-retail office locations before their lease terms ended. source
• In the third quarter of fiscal 2026, Starbucks reassessed and impaired the asset group associated with its non-retail facilities and Starbucks Reserve and Roastery locations as part of its strategy to reduce future operational complexity. source
• Restructuring and impairment expense decreased $203 million year over year, reflecting lower prior-year support organization simplification and coffeehouse closure impacts, partly offset by current-year Starbucks Reserve and Roastery impairments. source
• For the fiscal year ended September 28, 2025, Starbucks recorded $352.8 million related to impairment and disposition of company-operated coffeehouse assets and $239.3 million primarily for accelerated amortization of ROU lease assets and other lease exit costs due to coffeehouse closures. source