Starbucks Corporation (Nasdaq:SBUX) yesterday reported consolidated net revenues of $207 million for the four-week period ended July 29, 2001, an increase of 19 percent from consolidated net revenues of $175 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 4 percent for the four weeks ended July 29, 2001 as compared to the same four-week period in fiscal 2000.
For the 43 weeks ended July 29, 2001, consolidated net revenues were $2.2 billion, an increase of 23 percent from consolidated net revenues of $1.8 billion for the same period in fiscal 2000. Comparable store sales increased 6 percent for the 43-week period ended July 29, 2001, as compared to the same 43-week period in fiscal 2000.
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STORE INFORMATION
Net stores
opened during
the 43 weeks Stores open
ended as of
July 29, July 29, 2001
2001 2001
—————————-
Continental North America:
Company-Operated Stores 408 2,854
Licensed Stores 291 821
————————- —– —–
699 3,675
International:
Company-Operated Stores 93 266
Licensed Stores 229 581
————————- —– —–
322 847
Total 1,021 4,522
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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 4,500 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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