Seattle-based coffeehouse giant Starbucks Corporation has reported consolidated net revenues of US$261m for the four-week period ended 28 July 2002, an increase of 26% from US$207m for the same period in fiscal 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 four weeks ended 28 July 2002 as compared to the same four-week period in fiscal 2001.
For the year to date period, consolidated net revenues were US$2.7bn, an increase of 24% from US$2.2bn for the same period in fiscal 2001. Comparable store sales also increased 6% for the year to date 2002, as compared to the same period in FY 2001.
Store Information:
Net stores opened
during the
43 weeks ended Stores open as of
July 28, 2002 July 28, 2002
——————– —————–
Continental North America:
Company-Operated Stores 450 3,421
Licensed Stores 217 1,026
— —–
667 4,447
International:
Company-Operated Stores 75 370
Licensed Stores 238 872
— —
313 1,242
— —–
Total 980 5,689
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