USA: Starbucks Reports August Revenues

Starbucks Corporation (Nasdaq:SBUX) today reported consolidated net revenues of $183 million for the four-week period ended August 27, 2000, an increase of 35 percent from consolidated net revenues of $135 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 10 percent for the four weeks ended August 27, 2000 as compared to the same four-week period in fiscal 1999.

September 1, 2000

For the 47 weeks ended August 27, 2000, consolidated net revenues were $1.9 billion, an increase of 32 percent from consolidated net revenues of $1.5 billion for the same period in fiscal 1999. Comparable store sales increased 9 percent for the 47-week period ended August 27, 2000, as compared to the same 47-week period in fiscal 1999.

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