Starbucks Board Approves Further Actions Under 'Back To Starbucks' Strategy; Will Close ~250, Or ~1% Of, Its North America Coffeehouses; Expects $300M Of Restructuring Charges, Including $200M In Cash And $100M Non-Cash Charges For Coffeehouse Asset Disposal And Impairments; Expects FY26 Net New Global Coffeehouse Openings Of ~440; Majority Of Starbucks Coffeehouse Closures Expected By End Of FY26
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Why It Matters
Starbucks is closing about 250 stores to fix problems. Watch if the company bounces back stronger after fixing things.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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