Starbucks Corporation: 10-K Risk Factor Changes

2025 vs 2024  ·  SEC EDGAR  ·  2026-05-22
Other years: 2024 vs 2023 · 2023 vs 2022
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The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Starbucks substantially restructured its risk disclosures by eliminating 16 category-level risk groupings and replacing them with a more targeted approach, including new standalone risks around trade policy/tariffs and a refined focus on licensed market performance rather than general international market dependency. The company modified 23 risks substantively - including those addressing third-party provider accountability, intellectual property protection, and commodity costs - while adding three new risk categories that reflect heightened exposure to trade regulation and updated ESG terminology ("responsible business matters" replacing "environmental, social, and governance matters").

✓ Deterministic extraction — no AI-generated data

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.

3
New Risks
16
Removed
23
Modified
3
Unchanged
🟢 New in Current Filing

We are dependent on the performance of licensed and company-owned international markets to achieve our growth targets.

The International segment is a critical profit center. Achievement of our growth targets is partially dependent on sustained performance and growth internationally, particularly in the markets operated by our larger regional licensees and in key company-owned markets outside…

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The International segment is a critical profit center. Achievement of our growth targets is partially dependent on sustained performance and growth internationally, particularly in the markets operated by our larger regional licensees and in key company-owned markets outside North America. If one or more of these international markets fail to achieve stable revenues and earnings—due to economic downturns or other factors—our consolidated results could be materially impacted. In addition to the risks that apply to our business generally, wherever conducted, our International business may also be subject to certain additional risks and risks that take on a different magnitude or character in the context of our international business. Success in international markets can depend on factors distinct from those in the U.S., including regional taste preferences, varying consumer acceptance of our products, and differing regulatory regimes across markets. International operations may also face higher occupancy and operating costs due to elevated rents and regulatory compliance. Finally, because many markets are in earlier development stages, operating expenses as a percentage of revenue tend to be higher than in more established markets. Each of these factors present risks to our business performance and financial results.

🟢 New in Current Filing We are subject to risks from changes to the trade policies and tariff and import/export regulations by the U.S. and other foreign governments. 🔒
🟢 New in Current Filing Our business is subject to evolving corporate governance and public disclosure regulations and expectations, including with respect to responsible business matters, that could expose us to numerous risks. 🔒
🔴 No Match in Current Filing Summary of Risks Associated with Our Business 🔒
🔴 No Match in Current Filing Risks Related to Brand Relevance and Brand Execution 🔒
🔴 No Match in Current Filing Risks Related to Our Business 🔒
🔴 No Match in Current Filing Risks Related to Operating a Global Business 🔒
🔴 No Match in Current Filing Risks Related to Supply Chain 🔒
🔴 No Match in Current Filing Risks Related to Macroeconomic Conditions 🔒
🔴 No Match in Current Filing Risks Related to Human Capital 🔒
🔴 No Match in Current Filing Risks Related to Competition 🔒
🔴 No Match in Current Filing Risks Related to Environmental, Social, and Governance Matters 🔒
🔴 No Match in Current Filing Risks Related to Regulation and Litigation 🔒
🔴 No Match in Current Filing Risks Related to Cybersecurity and Data Privacy 🔒
🔴 No Match in Current Filing Risks Related to Intellectual Property 🔒
🔴 No Match in Current Filing Our investments to transform and enhance the customer experience, including through technology, may not generate the expected results. 🔒
🔴 No Match in Current Filing We are increasingly dependent on the success of certain international markets in order to achieve our growth targets. 🔒
🔴 No Match in Current Filing Economic conditions in the U.S. and international markets have adversely affected, and could continue to adversely affect, our business and financial results. 🔒
🔴 No Match in Current Filing Our business is subject to evolving corporate governance and public disclosure regulations and expectations, including with respect to environmental, social, and governance matters, that could expose us to numerous risks. 🔒
🟡 Modified If our business partners and third-party providers do not satisfactorily fulfill their responsibilities and commitments, it could damage our brand, and our financial results could suffer. 🔒
🟡 Modified Failure to adequately protect our intellectual property or ensure that we are not infringing on the intellectual property of others could harm the value of our brand and our business. 🔒
🟡 Modified Increases in the cost of high-quality arabica coffee beans or other commodities or decreases in the availability of high-quality arabica coffee beans or other commodities could have an adverse impact on our business operations and financial results. 🔒
🟡 Modified Failure to maintain satisfactory compliance with certain privacy and data protection laws and regulations may result in substantial negative financial consequences, reputational harm, and civil or criminal penalties. 🔒
🟡 Modified We are highly dependent on the financial performance of our North America operating segment. 🔒
🟡 Modified Interruption of our supply chain and our reliance on suppliers could affect our ability to produce or deliver our products and could negatively impact our business and profitability. 🔒
🟡 Modified The unauthorized access, use, theft, or destruction of customer or employee data (personal, financial, or other), or of Starbucks proprietary or confidential information, that is stored in our information systems or by third parties could impact our reputation and brand and expose us to potential liability and loss of revenues. 🔒
🟡 Modified Certain activist shareholder actions have caused, and could continue to cause, us to incur expense, hinder execution of our business strategy, and adversely impact our stock price. 🔒
🟡 Modified Reported incidents involving food- or beverage-borne illnesses, tampering, adulteration, contamination, or mislabeling, whether or not accurate, could harm our business. 🔒
🟡 Modified We rely heavily on information technology in our operations and growth initiatives, and any material failure, inadequacy, interruption, or security failure of that technology could harm our ability to effectively operate and grow our business and could adversely affect our financial results. 🔒
🟡 Modified We have been, and could continue to be, party to litigation or other legal proceedings that could adversely affect our business, results, operations, and reputation. 🔒
🟡 Modified If we are unable to meet our projections for new store openings or efficiently maintain the attractiveness of our existing stores, our operating results could suffer. 🔒
🟡 Modified Our financial condition and results of operations have been, and may continue to be, adversely affected by a number of macroeconomic and other factors, many of which are largely outside our control. 🔒
🟡 Modified Our supply chain may be unable to fully support current and future business needs. 🔒
🟡 Modified Evolving consumer preferences and tastes, as well as adverse public or medical opinions about the health effects of consuming our products, may adversely affect our business. 🔒
🟡 Modified We face intense competition in each of our channels and markets, which could lead to reduced profitability. 🔒
🟡 Modified Our success depends substantially on the value of our brand, and failure to preserve its value could have a negative impact on our financial results. 🔒
🟡 Modified Our reliance on key business partners may adversely affect our business and operations. 🔒
🟡 Modified Climate change may have an adverse impact on our business. 🔒
🟡 Modified Failure to comply with applicable laws and changing legal and regulatory requirements could harm our business and financial results. 🔒
🟡 Modified We face risks as a global business that could adversely affect our financial performance. 🔒
🟡 Modified We may not be successful in implementing important strategic initiatives (including our restructuring plan), effectively managing growth, or executing strategic transactions, any of which may have an adverse impact on our business and financial results. 🔒
🟡 Modified We may not be successful in our brand, marketing, promotional, advertising, and pricing strategies. 🔒
41 more changes in this filing

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