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Starbucks plans about 250 store closures and a $300M restructuring charge

The closures target roughly 1% of Starbucks' North American footprint as the company cuts new store guidance and pivots capital to retrofits.

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Starbucks will record an estimated $300 million restructuring charge to shutter roughly 250 North American locations, according to MarketBeat Ratings. The move is part of the company’s ongoing turnaround strategy and follows a second footprint contraction in the past year.

MarketBeat Ratings reports that Starbucks is cutting global new-store guidance and redirecting capital toward retrofits for remaining locations. Investors are also weighing whether the contraction reflects portfolio optimization or deteriorating fundamentals as sell-side pressure builds.

Over the last 90 days, MarketBeat Ratings says multiple analysts have downgraded Starbucks, and the company’s shares have fallen by a double-digit percentage over the past month.

The planned closure of about 250 stores represents roughly 1% of Starbucks' North American footprint, MarketBeat Ratings adds.

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