Starbucks to close about 250 North America stores; FY2026 net openings cut to about 440
On September 22, 2026, Starbucks' board approved further actions under its Back to Starbucks strategy, including closing about 1% of its more than 18,000 North America coffeehouses that do not meet the expected experience and financial performance. The company expects about $300 million in restructuring charges, with most closures finished by the end of fiscal 2026, and cut its full-year fiscal 2026 net new coffeehouse openings outlook to about 440 from 600 to 650, based on about 250 North America closures partly offset by higher International openings.
Key points
- About 250 North America coffeehouses to close, about 1% of more than 18,000; majority to be completed by end of fiscal 2026.
- About $300 million in restructuring charges: about $200 million cash, mainly lease exit and employee separation costs, and $100 million non-cash, mainly asset disposal and impairment.
- Fiscal 2026 net new global openings now expected at about 440, versus prior guidance of 600 to 650.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 24, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.