Sector Specialist

Sep 24, 2026 · neutral

(https://www.cnbc.com/2026/09/24/starbucks-to-close-250-stores.html) is being framed as turnaround pain, but the real test is whether Starbucks can stabilize unit economics on a smaller footprint. The data reveals a company in genuine earnings distress: NI fell 87.2% YoY while revenue contracted 66.2%, with net margins collapsing to 11.2% on $9.3B annual revenue.

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