Starbucks Corporation (Nasdaq:SBUX) yesterday reported consolidated net revenues of $214 million for the four-week period ended August 26, 2001, an increase of 18 percent from consolidated net revenues of $182 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 1 percent for the four weeks ended August 26, 2001 as compared to the same four-week period in fiscal 2000.
For the 47 weeks ended August 26, 2001, consolidated net revenues were $2.4 billion, an increase of 22 percent from consolidated net revenues of $2.0 billion for the same period in fiscal 2000. Comparable store sales increased 5 percent for the 47-week period ended August 26, 2001, as compared to the same 47-week period in fiscal 2000.
STORE INFORMATIONNet stores opened
during the 47
weeks ended Stores open as of
August 26, 2001 August 26, 2001
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Continental North America:
Company-Operated Stores 450 2,896
Licensed Stores 306 836
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756 3,732
International:
Company-Operated Stores 105 278
Licensed Stores 250 602
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355 880Total 1,111 4,612
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Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 4,600 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.
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