USA: Starbucks Reports June Revenues

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.