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- Asset Impairment (new) — Company will record $280M in asset impairment charges related to Reserve/Roastery locations and support facilities.
Starbucks approves $400M restructuring with layoffs, asset write-downs on Reserve locations
Filed May 15, 2026 · Period ending May 13, 2026 · ~1 min read
Key Changes
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high
Board approved $400M restructuring plan: $280M in asset write-downs (mostly Reserve/Roastery locations and support facilities) plus $120M in severance costs from workforce reductions in global support organization.
Item 8.01 view on EDGAR → -
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Company is simplifying its premium Reserve and Roastery concept, applying lessons from standard stores. This strategic shift triggers reassessment and impairment of assets at these high-end locations.
Item 8.01 view on EDGAR → -
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Restructuring is part of 'Back to Starbucks' strategy focused on coffeehouse revitalization and customer experience. Most actions will complete by fiscal year-end 2026 with charges recorded in fiscal 2026.
Item 8.01 view on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 22, 2026 · How we verify