Starbucks Board approved restructuring plan under 'Back to Starbucks' strategy, expecting $400 million in charges mostly in FY2026 to streamline operations and capture cost savings.
Key takeaways
Board approved further actions under 'Back to Starbucks' strategy on May 13, 2026.
Total restructuring charges of approximately $400 million, with majority actions completed by end of FY2026.
$280 million non-cash charges from asset impairments, mainly Starbucks Reserve/Roastery and non-retail facilities.
$120 million cash charges primarily for employee separation benefits in global support organization.
Supports $2 billion cost savings initiatives and 90% licensed international coffeehouses model.
Reduces complexity in Starbucks Reserve and Roastery locations using core coffeehouse learnings.