SBUX · 10-K · 2026A · Full report

Store Count and Expansion

STARBUCKS CORP · 2026-11-12 · Importance 25 · Surprise 24

Starbucks plans to apply tighter discipline to global coffeehouse growth, prioritizing new locations that meet return and long-term growth expectations. International is expected to lead global coffeehouse growth, supported by the licensed business model and development opportunities across markets. In North America, the company plans to expand licensed business and invest in existing company-operated coffeehouses, while rebuilding development capabilities; it expects fewer company-operated openings in fiscal 2027.