Starbucks plans to open hundreds of new stores across the U.S. and add seating capacity at thousands of existing locations.
The company unveiled its plans during a recent investor presentation. The move comes after it announced last year plans to close hundreds of less profitable stores. Now, Starbucks expects to open up to 175 new U.S. coffee shops this year and around 400 in 2028. This includes smaller-format stores that are 20% cheaper to build. In the first quarter of fiscal 2026, Starbucks delivered same-store sales growth in the U.S. and every major global market.
“Even with our scale, the U.S. coffeehouse growth opportunity for Starbucks is big and broad,” said Mike Grams, chief operating officer. “In fiscal 2028, we expect to ramp to build about 400 net-new coffeehouses across our U.S. company-operated business – with discipline and purpose.”
Nominate Commercial Real Estate’s Leading Investment Sales and Leasing Brokers — For the ninth year in a row, Connect CRE will spotlight the industry’s top brokers based on the past year’s achievements. Click here to submit your nominations.
The post Starbucks Plans to Open Hundreds of New Stores appeared first on Connect CRE.