Starbucks stock reports a costly turnaround reset

Published on 09/29/2026 at 16:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Starbucks stock faces a USD 300 million restructuring charge after 250 North American closures. Q3 FY2026 revenue reached USD 9.32 billion on June 28, 2026.

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Starbucks stock (ISIN US8552441094) was trading at EUR 84.22 at Lang & Schwarz on September 29, 2026, at 4:40 p.m. CEST, up 0.66 percent versus the prior close of EUR 83.67. The company is reshaping its North American footprint while its latest quarterly figures show stronger operating performance.

250 stores leave the footprint

According to Reuters on September 24, 2026, Starbucks will close 250 underperforming North American coffeehouses and incur USD 300 million in restructuring charges. The closures represent 1 percent of the company’s roughly 18,000 North American stores, with most actions planned by the end of fiscal 2026.

The same filing reduced fiscal 2026 global net new store guidance to 440 locations from the previous range of 600 to 650. That change shifts the turnaround from footprint expansion toward improving the productivity of existing stores.

Quarterly numbers still beat estimates

StockTitan reported Starbucks Q3 FY2026 results for the quarter ended June 28, 2026, with revenue of USD 9.32 billion, diluted GAAP EPS of USD 0.91 and a GAAP operating margin of 10.50 percent. Revenue declined 1.00 percent year over year, while diluted EPS increased 86.00 percent.

The contrast matters for investors: Starbucks is still producing earnings growth, but the store portfolio reset carries a material near-term cost. The operating margin improvement gives the company room to pursue the turnaround, while the lower opening target limits the contribution from new locations.

Analyst target remains above the quote

According to MarketBeat on September 29, 2026, the consensus rating was Hold and the average price target was USD 110.30. The same overview listed Citigroup raising its target from USD 108.00 to USD 112.00 on July 30, 2026, while UBS raised its target from USD 105.00 to USD 112.00.

The analyst view leaves execution as the central variable. Store closures can remove weak locations, but the USD 300 million charge and the reduced 440-store growth target make comparable sales and margin delivery more important in the next report.

EUR 84.22 at Lang & Schwarz

Starbucks stock was trading at EUR 84.22 at Lang & Schwarz on September 29, 2026, at 4:40 p.m. CEST, plus 0.66 percent versus the Lang & Schwarz prior close of EUR 83.67 on September 28, 2026.