Starbucks Corporation (Nasdaq:SBUX) yesterday reported consolidated net revenues of $252 million for the five-week period ended April 1, 2001, an increase of 23 percent from consolidated net revenues of $205 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 5 percent for the five weeks ended April 1, 2001 as compared to the same five-week period in fiscal 2000.

“During the month we opened our 4,000th store on a global basis as well as our 500th location in the Asia-Pacific region,” said Howard Schultz, Starbucks chairman and chief global strategist. “We continue to be pleased with the strong momentum in our business both domestically and internationally.”

“We are on track to achieve our aggressive growth goals including our earnings per share target of $0.91-$0.93 for fiscal 2001, or $0.46 per share following our April 27, 2001 2-for-1 stock split,” said Orin Smith, Starbucks president and CEO.

For the 26 weeks ended April 1, 2001, consolidated net revenues were $1.3 billion, an increase of 25 percent from consolidated net revenues of $1.0 billion for the same period in fiscal 2000. Comparable store sales increased 8 percent for the 26-week period ended April 1, 2001, as compared to the same 26-week period in fiscal 2000.

                           STORE INFORMATION

Net stores opened during
the 26 weeks ended Stores open as of
April 1, 2001 April 1, 2001
————- ————-
Continental North America:
Company-Operated Stores 256 2,702
Licensed Stores 182 712
— —
438 3,414
International:
Company-Operated Stores 49 222
Licensed Stores 147 499
— —
196 721

Total 634 4,135
=== =====

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 4,000 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.