Starbucks 8-K
NegativeRestructuringGuidance loweredImpairment / charge
Back to Starbucks drives North America coffeehouse closures and a lower FY2026 global net-opening outlook.
Filed 2026-09-24 06:55 ET
Alerts
Filing event
Restructuring
This filing includes Item 2.05. Exit or disposal costs are often part of a planned cost reduction; see the filing for the scope and costs.
An alert from the filing's SEC item codes, not from reading its text. Filing on SEC.gov
- 2.05 Costs of Exit or Disposal Activities
- 7.01 Regulation FD Disclosure
Summary
North America coffeehouse closures and lower FY2026 net-opening guidance. Starbucks approved closing approximately 1% of its more than 18,000 North America coffeehouses as part of its “Back to Starbucks” strategy. The revised global opening outlook reflects approximately 250 North America closures, partly offset by higher net openings in International markets.
Key Figures
- Approximately 250 North America coffeehouse closures; the majority are expected by the end of FY2026.
- Approximately $300M in restructuring charges, with a significant portion expected in FY2026: approximately $200M cash, primarily for lease exit costs and employee separation benefits, and $100M non-cash for disposal and impairment of company-operated coffeehouse assets.
Guidance
- FY2026 net new global company-operated and licensed coffeehouse openings: approximately 440, lowered from 600–650.
Investor Takeaways
- FY2026 net openings and the timing of the planned closures will show how the portfolio changes affect Starbucks’ global store base.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3