Starbucks Closed Hundreds Of Locations Heading Into 2026: Here's Why [Yahoo! Finance]
Starbucks Corporation (SBUX)
Last starbucks corporation earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
But heading into 2026, the company closed hundreds of locations as part of a $1 billion restructuring effort. According to CNN , Starbucks became successful by rapidly expanding in urban markets, particularly New York City and Los Angeles. However, due to its recent challenges, the company will close about 400 stores in those areas to address increased competition, remote work and higher costs. The company has already closed 42 locations in New York City and 20 more in Los Angeles this year; 15 in Chicago; seven in San Francisco; six in Minneapolis; five in Baltimore; and dozens more in other cities, per CNN. Starbucks CEO Brian Niccol, the former head of Chipotle, said the store closures in major metro areas will help the company refocus on its goal of serving as a “third place” between home and work for its consumers. “We will end the fiscal year with nearly 18,300 total Starbucks locations — company-operated and licensed — across the U.S. and Canada. In fiscal year 2026, we
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SBUX
Earnings
- 10/29/25 - Miss
SBUX
Sec Filings
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- SBUX's page on the SEC website