Starbucks Corporation (Nasdaq:SBUX) yesterday reported consolidated net revenues of $281 million for the five-week period ended December 31, 2000, an increase of 24 percent from consolidated net revenues of $227 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 8 percent for the five weeks ended December 31, 2000 as compared to the same five-week period in fiscal 2000.
“Through a combination of increased transactions, exceptional store level execution and an appealing product mix, we delivered our most successful holiday season since 1994,” said Orin Smith, Starbucks president and chief executive officer.
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For the 13 weeks ended December 31, 2000, consolidated net revenues were $667 million, an increase of 26 percent from consolidated net revenues of $529 million for the same period in fiscal 2000. Comparable store sales increased 10 percent for the 13-week period ended December 31, 2000, as compared to the same 13-week period in fiscal 2000.
STORE INFORMATION
Net stores opened during
the 13 weeks ended Stores open as of
December 31, 2000 December 31, 2000
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Continental North America:
Company-Operated Stores 118 2,564
Licensed Stores 96 626
—– —–
214 3,190
International:
Company-Operated Stores 19 192
Licensed Stores 83 435
—– —–
102 627
Total 316 3,817
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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 3,800 retail locations in North America, the United Kingdom, the Pacific Rim and the Middle East, 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 and offers a line of innovative premium teas produced by its wholly owned subsidiary, Tazo Tea Company.
