Starbucks stock slips 1.2 percent ahead of the open

At the close on September 24, 2026, Starbucks stock had fallen 1.2 percent as the company announced 250 store closures; the S and P 500 slipped 0.02 percent.

Starbucks stock closed at USD 94.14 on the Nasdaq on September 24, 2026, down 1.2 percent. The shares underperformed the S and P 500, which closed at 7,704.13, down 0.02 percent on the same session. As CNBC reported on September 24, 2026, Starbucks announced plans to close about 250 underperforming North American cafes.

September 24, 2026 in numbers

Starbucks Corp. (ISIN US8552441094, Nasdaq: SBUX) opened at USD 94.14 on September 24, 2026, according to MarketBeat data, with the stock trading between USD 93.50 and USD 95.06 during the session. The company had a 52-week range of USD 77.99 to USD 110.51, placing the close USD 16.37 below the high and USD 16.15 above the low.

The store closures represented about 1 percent of the North American footprint, while the company expected approximately USD 300 million in restructuring charges and reduced its fiscal 2026 net new store opening forecast to 440 from 600 to 650. CNBC also quoted Melius Research analyst Jacob Aiken-Phillips as describing the move as more positive than negative.

September 25, 2026 outlook

The University of Michigan final consumer sentiment reading is scheduled for September 25, 2026, at 10:00 a.m. Eastern Time, according to CNBC. The release is relevant to Starbucks because consumer spending conditions affect discretionary retail demand. The company enters the session after its latest store-closure announcement, while its fiscal year ends later in September.