StocksMedium•5 October 2026•
1 min read
Starbucks to Close 250 Stores and Incur $300 Million Restructuring Charge
Key Facts
1Starbucks plans to close 250 North American stores and revised its fiscal 2026 opening target down to 440 from 600-650.
2The company will incur a $300 million restructuring charge as a result of this strategic shift.
3Baird analysts lowered their price target for Starbucks stock to $115 from $124.
Starbucks plans to close 250 North American stores and has revised its fiscal 2026 opening target down to 440 from a previous range of 600-650. The company will incur a $300 million restructuring charge as a result of this strategic shift to prioritize store quality over rapid expansion, according to reports.
Baird analysts lowered their price target for Starbucks stock to $115 from $124 on October 2, 2026. SBUX closed at $94.71 on October 2, 2026, having traded between a day low of $94.27 and a high of $95.29 during that session.