SBUX · Earnings call · 2026Q3T · Full report

Store Count and Expansion

STARBUCKS CORP · 2026-10-29 · Importance 56 · Surprise 56

Starbucks ended fiscal 2026 with 41,607 coffeehouses globally, including 23,431 in International and 18,176 in North America. Management expects approximately 1,200 net new global coffeehouses in fiscal 2027, with about 1,100 in International and 90 to 100 in North America. International openings are expected to accelerate nearly 50% versus fiscal 2026, with China contributing about half of total global net openings. Starbucks cited long-term potential for around 5,000 additional North America coffeehouses and growth outside North America from more than 23,000 locations today to nearly 40,000, including potential to double its presence in China and India.

Key facts

• Starbucks expects 90 to 100 net new North America coffeehouses in FY2027, about half from its licensed portfolio.
• Starbucks expects U.S. net unit growth in FY2027 to be around 100 or a little below, and aims to build more than 300 new U.S. units in FY2028.
• Starbucks wants to build more than 300 new U.S. units in FY2028.
• Starbucks expects approximately 1,200 net new coffeehouses globally in FY2027.
• Starbucks sees long-term North America opportunity to build around 5,000 additional coffeehouses.
• Starbucks expects fewer company-operated openings in North America in FY2027 while rebuilding its development pipeline.
• Starbucks is confident in its new-unit growth for the coming fiscal year and the out years.
• Starbucks unveiled smaller-format coffeehouses in multiple markets, moving the concept from Investor Day prototype to reality in less than a year.