Seattle-based coffeehouse giant Starbucks Corporation has reported consolidated net revenues of US$323m for the five-week period ended 30 June 2002, an increase of 25% on the US$259m recorded in the same period in 2001.
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On a comparable store sales basis (stores open for at least 13 months), sales at company-operated stores increased 7% for the month, year on year.
For the 39 weeks ended 30 June 2002, consolidated net revenues were US$2.4bn, an increase of 24% on the US$2bn recorded in the same period in FY 2001. Comparable store sales were up 6% for the year to date, as compared to the same 39-week period in FY 2001.
Store information
Net stores opened during
the 39 weeks ended Stores open as of
30 June 2002 30 June 2002
————- ————-
Continental USA:
Company-operated stores 423 3,394
Licensed stores 186 995
— —
609 4,389
International:
Company-operated stores 72 367
Licensed stores 218 852
— —
290 1,219
Total 899 5,608
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