To The Moon

TigerGPT Answer: Bullish Points: 1. Consolidated revenues increased 12% to $36.0 billion in fiscal 2023 compared to $32.3 billion in fiscal 2022. 2. Diluted earnings per share (EPS) for fiscal 2023 increased to $3.58, compared to EPS of $2.83 in fiscal 2022. 3. Company's growth strategy includes expanding global store base, focusing on developed and high-growth markets like the U.S. and China, and optimizing the mix of company-operated and licensed stores. 4. Starbucks aims to drive innovation in beverage, equipment, process, and technology, including its digital platform. 5. The company is committed to responsible and ethical sourcing, with over 98% of coffee verified through C.A.F.E. Practices as ethically sourced. 6. Human capital management focuses on investing in partners' well-being, creating inclusive environments, and offering competitive compensation and benefits. 7. Starbucks has set Inclusion and Diversity goals, aiming for racial and ethnic diversity of at least 30% in corporate roles and 40% in retail and manufacturing roles in the U.S. by 2025. Bearish Points: 1. North America operating segment comprises approximately 74% of consolidated total net revenues in fiscal year 2023, making the company highly dependent on its financial performance. 2. Future growth increasingly depends on the growth and sustained profitability of certain international markets, particularly China, which is expected to be the fastest-growing market and second-largest overall. 3. Risks in China include U.S.-China relations, tariff increases, restrictive regulations, potential boycotts, anti-Americanism, economic conditions, government regulatory reform, data-privacy and cybersecurity risks, and food-safety related matters. 4. Increases in the cost of high-quality arabica coffee beans or other commodities could have an adverse impact on the company's business and financial results. 5. Interruption of the supply chain could affect the company's ability to produce or deliver products and negatively impact business and profitability. In summary, Starbucks has shown strong financial performance in fiscal 2023, with a focus on growth, innovation, and responsible sourcing. However, the company faces risks related to its dependence on the North American market, international growth, and potential supply chain disruptions. For more information, you can read the original text of Starbucks's financial report.