Starbucks to close stores, restructure operations under $1 billion plan
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TD Cowen on Starbucks (SBUX): 'we estimate 500 gross NA company-owned closures in F4Q as part of this news'
September 25, 2025 10:54 AM EDTTD Cowen analyst Andrew Charles reiterated a Hold rating and $95.00 price target on Starbucks (NASDAQ: SBUX).
The analyst comments "Starbucks announced 2 new efforts in the Back to Starbucks turnaround. The more impactful is an accelerated level of store closures to help improve financial performance and brand perceptions. The company plans to end 2025 with -1% NA net restaurant growth, trailing our prior... More
