Starbucks to Close Select North America Coffeehouses, Cuts Store Outlook

Starbucks Corp (NASDAQ: SBUX) plans to close about 1% of its more than 18,000 North American coffeehouses by the end of fiscal 2026, following a review of store performance. The company expects approximately $300 million in restructuring charges due to these closures and has revised its outlook for new store openings globally from 600-650 to about 440. Additionally, Starbucks is considering selling a majority stake in its Japan business, potentially valuing it at around $3 billion.