Starbucks Corporation (Nasdaq:SBUX) yesterday reported consolidated net revenues of $259 million for the five-week period ended July 1, 2001, an increase of 19 percent from consolidated net revenues of $218 million for the same period in fiscal 2000. On a comparable store sales basis (stores open for at least 13 months), sales at company-operated stores increased 3 percent for the five weeks ended July 1, 2001 as compared to the same five-week period in fiscal 2000.

For the 39 weeks ended July 1, 2001, consolidated net revenues were $2.0 billion, an increase of 23 percent from consolidated net revenues of $1.6 billion for the same period in fiscal 2000. Comparable store sales increased 6 percent for the 39-week period ended July 1, 2001, as compared to the same 39-week period in fiscal 2000.
                          STORE INFORMATION

                             Net stores opened
                            during the 39 weeks     Stores open as of
                            ended July 1, 2001        July 1, 2001
                            ------------------------------------------
Continental North America:
  Company-Operated Stores          387                   2,833
  Licensed Stores                  257                     787
                                   ---                   -----
                                   644                   3,620
International:
  Company-Operated Stores           82                     255
  Licensed Stores                  208                     560
                                   ---                   -----
                                   290                     815

Total                              934                   4,435
                                   ===                   =====

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 4,400 retail locations in North America, the United Kingdom, continental Europe, the Middle East and the Pacific Rim, Starbucks sells coffee and tea products through its specialty operations, including its online store at Starbucks.com. Additionally, Starbucks produces and sells bottled Frappuccino® coffee drink and a line of superpremium ice creams through its joint venture partnerships. The Company's other brands enhance the Starbucks Experience through best-of-class products: Tazo Tea Company offers a line of innovative premium teas, and Hear Music produces and distributes a line of exceptional compact discs.