250 cafes, and a 300 million dollar charge
The closures are about 1 per cent of more than 18,000 North American cafes. The company put restructuring charges at about 300 million dollars. Starbucks said on Thursday it will close about 250 cafes in North America. That is about 1 per cent of more than 18,000 locations. Chief operating officer Mike Grams wrote that the company selected sites where it does not see a consistent customer experience or a path to acceptable financial performance. The fiscal 2026 net-new-opening outlook is 440 cafes, down from a prior range of 600 to 650. The new cafes come from international markets. Most closures fall before the fiscal year ends. Restructuring charges are about 300 million dollars: about 200 million dollars for early lease exits and separation benefits, and 100 million dollars of non-cash impairment. Global News reported that Starbucks will close 250 more stores in Canada and the United States. Brian Niccol joined in 2024. Last September the company closed 627 stores and laid off 900 non-retail employees. The page is dated 24 September.[1], [2]