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May 3, 2002

USA: Starbucks reports 23% increase in April revenues

Seattle-based coffeehouse behemoth Starbucks Corp has posted consolidated net revenues of US$253m for the four-week period ended 28 April 2002, an increase of 26% on the US$200m reported for the same period in fiscal 2001.

Seattle-based coffeehouse behemoth Starbucks Corp has posted consolidated net revenues of US$253m for the four-week period ended 28 April 2002, an increase of 26% on the US$200m reported for the same period in fiscal 2001.

On a comparable store sales basis (stores open for at least 13 months), sales at company-operated stores increased 8% for the four week period, year on year.

For the 30 weeks ended 28 April 2002, consolidated net revenues were US$1.8bn, up 23% from consolidated net revenues of US$1.5bn for the same period in fiscal 2001. Comparable store sales increased 5% for the 30 weeks ended 28 April 2002, as compared to the same 30-week period in fiscal 2001.

Store information
                                  Net stores
                                  opened during the   Stores open
                                  30 weeks ended       as of
                                  28 April 2002       28 April 2002
                                 ————————————-
Continental North America:
  Company-Operated Stores              325                  3,296
  Licensed Stores                      147                    956
                                     —–                  —–
                                       472                  4,252
International:
  Company-Operated Stores               57                    352
  Licensed Stores                      167                    801
                                     —–                  —–
                                       224                  1,153
Total                                  696                  5,405
                                     =====                  =====

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