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Starbucks to close another 250 coffeehouses in North America
The company said the closures are part of a turnaround plan as same-store sales rose 7.9% in its latest quarter.
- On Thursday, Starbucks announced it will close approximately 250 underperforming North American coffeehouses, representing about 1% of its roughly 18,000 stores in the region.
- This marks the second round of closures during CEO Brian Niccol's two-year tenure, following a restructuring a year ago that shuttered Seattle's iconic roastery at an estimated cost of about $1 billion.
- Management expects to incur about $300 million in restructuring charges, with $200 million covering lease exits and employee severance and $100 million in non-cash asset impairments after COO Mike Grams' portfolio review.
- Most closures will complete by the end of fiscal year 2026 later this month, with Starbucks offering affected partners transfer opportunities or severance support when positions are unavailable.
- Despite the closures, Starbucks projects 440 net new openings for fiscal 2026, down from prior guidance of 600 to 650 locations, as COO Grams said the North American business has returned to strong growth.
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Starbucks will close about 250 cafes in North America, or about 1 percent of its network of more than 18,000 stores. The firm will get rid of businesses that it says fail to offer customers and employees the required standard or have no prospects of acceptable financial performance.
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Total News Sources437
Leaning Left64Leaning Right52Center158Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 23%
C 58%
R 19%
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