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Starbucks Corp (NASDAQ: SBUX ) shares are up slightly Friday morning. The company is in focus after announcing plans to close underperforming coffeehouses in North America. The move follows a recent report that Starbucks is considering selling a majority stake in its Japan business in a potential transaction that could
Starbucks NASDAQ:SBUX will close about 1% of its coffeehouses in North America, as CEO Brian Niccol deepens his turnaround push, the company said in a regulatory filing on Thursday.
To Close About 1% Of North America Coffeehouses Expects $300 Mln Restructuring Charges Including $200 Mln Cash Charges To Incur $100 Mln Non-Cash Charges For Coffeehouse Asset Disposal And Impairment Expects Fy2026 Net New Global Coffeehouse Openings Of About 440 Majority Of Starbucks Coffeehouse Closures Expected By E
Starbucks will close about 1% of its more than 18,000 North America coffeehouses under its “Back to Starbucks” reorganization. Closures target locations that fall short on customer experience or financial performance; most are expected to finish by fiscal 2026 year-end. Restructuring charges are estimated at about USD