USA: Starbucks Reports September Comparable Store Sales Increase of 10% and Record FY 2000 Revenues of $2.2 Billion
Starbucks Corporation (Nasdaq:SBUX) today reported consolidated net revenues of $228 million for the five-week period ended October 1, 2000 compared to consolidated net revenues of $209 million for September of fiscal 1999, which was a six-week period. Consolidated net revenues increased 31 percent for the five-week period ended October 1, 2000 compared to the five-week period ended October 3, 1999. On a comparable store sales basis (stores open for at least 13 months), sales at company-operated stores increased 10 percent for the five weeks ended October 1, 2000 as compared to the same five-week period in fiscal 1999. For the 52 weeks ended October 1, 2000, consolidated net revenues were $2.2 billion compared to consolidated net revenues of $1.7 billion for the 53-week period in fiscal 1999. Consolidated net revenues increased 32 percent for the 52 weeks ended October 1, 2000 compared to the 52-week period in 1999. Comparable store sales increased 9 percent for the 52-week period ended October 1, 2000, as compared to the same 52-week period in fiscal 1999.
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