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USA: Starbucks Reports June Revenues

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Starbucks Corporation today reported consolidated net revenues of $218 million for the five-week period ended July 2, 2000, an increase of 28 percent from consolidated net revenues of $171 million for the same period in fiscal 1999. On a comparable store sales basis (stores open for at least 13 months), sales at company-operated stores increased 9 percent for the five weeks ended July 2, 2000 as compared to the same five-week period in fiscal 1999.

For the 39 weeks ended July 2, 2000, consolidated net revenues were $1.6 billion, an increase of 32 percent from consolidated net revenues of $1.2 billion for the same period in fiscal 1999. Comparable store sales increased 9 percent for the 39-week period ended July 2, 2000, as compared to the same 39-week period in fiscal 1999.


STORE INFORMATION


Stores opened during
the 39 weeks ended Stores open as of
July 2, 2000 July 2, 2000
------------ ------------
Continental North America:
Company-Operated Stores 311 2,341
Licensed Stores 265 438
--- ---
576 2,779
International:
Company-Operated U.K. Stores 42 136
Licensed Stores 120 300
--- ---
162 436

Total 738 3,215
=== =====


Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 3,200 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.

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