⚠ AI Risk Brief Interpretation layer — deterministic data below

Starbucks shifted from COVID-focused risks to endemic pandemic preparedness while tightening data privacy and labor management controls.

Direction ↔ Mixed

ThemesData Privacy Workforce & Talent Regulatory & Legal

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟢 New in Current Filing Disclosure change8/10

•Future health epidemics or pandemics could adversely affect our business and financial results.

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Health epidemics or pandemics have in the past and may in the future impact macroeconomic conditions, consumer behavior, labor availability and supply chain management, as well as local operations in impacted markets, all of which can adversely affect our business, financial results and outlook. Governmental responses to health epidemics or pandemics, including operational restrictions, can also affect the foregoing items and adversely affect our business and financial results. The duration and scope of a health epidemic or pandemic can be difficult to predict and depends on many factors, including the emergence of new variants and the availability, acceptance and effectiveness of preventative measures. A health epidemic or pandemic may also heighten other risks disclosed in these risk factors, including, but not limited to, those related to the availability and costs of labor and commodities, supply chain interruptions, consumer behavior, and consumer perceptions of our brand and industry.

🔴 No Match in Current Filing •Our financial condition and results of operations have been and are expected to continue to be adversely affected by the COVID-19 pandemic. 🔒

🟡 Modified •Failure to maintain satisfactory compliance with certain privacy and data protections laws and regulations may subject us to substantial negative financial consequences, reputational harm and civil or criminal penalties. 🔒

🟡 Modified •Our financial condition and results of operations are subject to, and may be adversely affected by, a number of macroeconomic and other factors, many of which are also largely outside our control. 🔒

And 8 more changes in the full comparison.

11 changes in this historical filing

The complete historical comparison (2023 vs 2022) is available on the Pro plan.

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