Starbucks store closures update: Coffee giant reveals an optimistic plot twist after recent mass shutterings

Starbucks Coffee Company on Thursday provided an update on store closures, as well as fresh plans for future store growth, as it reported earnings for its Q4 and full fiscal year 2026. Here’s what to know: Starbucks earnings snapshot The Seattle-based coffee company reported adjusted earnings of 80 cents per share, a 54% increase over the prior year, beating analyst expectations. Consolidated net revenues decreased about 4% to $9.1 billion. Starbucks says the decline was largely...