Form 8-K · Current report
Starbucks 8-K, filed Sep 24, 2026
- Filed
- CIK
- 0000829224
- Accession no.
- 0000829224-26-000145
Summary
Starbucks' board of directors approved closing approximately 1% of its more than 18,000 North America coffeehouses that do not meet the brand's expected coffeehouse experience and financial performance, as part of its "Back to Starbucks" strategy, with roughly $300 million in restructuring charges expected. Starbucks also lowered its fiscal year 2026 net new global coffeehouse openings guidance to approximately 440 from a prior 600 to 650.
Key points
- The majority of the closures are expected to be completed by the end of fiscal year 2026, with a significant portion of the associated charges incurred in that year.
- Of the approximately $300 million in restructuring charges, about $200 million are expected to be cash charges, primarily lease exit costs and employee separation benefits, and about $100 million non-cash charges from disposal and impairment of company-operated coffeehouse assets.
- Fiscal year 2026 net new global company-operated and licensed openings are expected to be approximately 440, versus prior guidance of 600 to 650.
- The openings figure reflects approximately 250 North America closures, partially offset by higher net new openings in International markets.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.05Costs Associated with Exit or Disposal Activities
- 7.01Regulation FD Disclosure
From the filing
Item 2.05 Costs Associated with Exit or Disposal Activities On September 22, 2026, the Board of Directors of Starbucks Corporation (the “Company”) approved further actions under its previously announced “Back to Starbucks” strategy. The “Back to Starbucks” strategy focuses on revitalizing coffeehouses, enhancing the customer experience, and strengthening the Company’s coffeehouse portfolio. As part of that strategy, the Company further assessed its existing North America store portfolio and will close approximately 1% of its more than 18,000 North America coffeehouses that do not deliver the coffeehouse experience and financial performance expected of the brand. …
An excerpt of the text as filed with the SEC, cut for length.
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