Starbucks Corporation (Nasdaq:SBUX) yesterday reported consolidated net revenues of $204 million for the four-week period ended May 27, 2001, an increase of 20 percent from consolidated net revenues of $171 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 four weeks ended May 27, 2001 as compared to the same four-week period in fiscal 2000.

For the 34 weeks ended May 27, 2001, consolidated net revenues were $1.7 billion, an increase of 24 percent from consolidated net revenues of $1.4 billion for the same period in fiscal 2000. Comparable store sales increased 7 percent for the 34-week period ended May 27, 2001, as compared to the same 34-week period in fiscal 2000.
                           STORE INFORMATION

                          Net stores opened during
                             the 34 weeks ended     Stores open as of
                                May 27, 2001           May 27, 2001
                                ------------           ------------
Continental North America:
     Company-Operated Stores        314                   2,760
     Licensed Stores                228                     758
                                    ---                     ---
                                    542                   3,518
International:
     Company-Operated Stores         71                     244
     Licensed Stores                189                     541
                                    ---                     ---
                                    260                     785

Total                               802                   4,303
                                    ===                   =====

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 4,300 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.