SBUX · Earnings call · 2026Q3T · Full report

Store Closures and Restructuring

STARBUCKS CORP · 2026-10-29 · Importance 34 · Surprise 42

Starbucks closed North America coffeehouses that management said lacked a path to the expected customer experience or financial performance. North America ended Q4 with 18,176 coffeehouses, reflecting 247 net company-operated closures, primarily from portfolio actions, partially offset by 52 net licensed openings. Fiscal 2027 North America net openings are expected to be 90–100, with about half from the licensed portfolio. Management expects fewer company-operated openings in fiscal 2027 while rebuilding the development pipeline.

Key facts