Overview

• The company expects to end September with about 18,300 North American locations, down from 18,734 at the end of June.
• Closures focus on stores that fail to create the physical environment customers and employees expect or that lack a path to acceptable financial performance.
• About 900 non‑retail corporate roles will be eliminated, following roughly 1,000 corporate cuts announced in February.
• Starbucks estimates approximately $1 billion in restructuring charges tied to the turnaround plan.
• CEO Brian Niccol said the actions are necessary to build a stronger and more resilient company that expands opportunities for employees, suppliers, and communities.