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Stock impact report

Popular coffee chain shuts location, may file Chapter 11 bankruptcy [Yahoo! Finance]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The wait for one of these holiday treats in coffee shops or drive-thru lanes can take longer than normal as a result of the higher demand this time of year. But many of the customers believe it is worth the wait to enjoy one of these tasty drinks. Unfortunately, the rest of the year may not have been as bright and shiny as the holiday season seems, as coffee chain giant Starbucks plans 100s of store closings. Peet's also closed several locations, but has some good news on the horizon. Starbucks in September revealed that it would reduce its North American store count by about 1%, or from 18,734 shops to 18,300 by the end of fiscal year 2025, as part of a restructuring that is expected to cost the coffee giant $1 billion. Starbucks reviewed its North America portfolio earlier this year to determine which locations it would close. "During the review, we identified coffeehouses where we're unable to create the physical environment our customers and partners expect, or where we Show less Read more
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