USA: Starbucks Reports Strong May Revenues

Starbucks Corporation (Nasdaq:SBUX - news) today reported consolidated net revenues of $170 million for the four-week period ended May 28, 2000, an increase of 31 percent from consolidated net revenues of $130 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 four weeks ended May 28, 2000 as compared to the same four-week period in fiscal 1999. For the 34 weeks ended May 28, 2000, consolidated net revenues were $1.4 billion, an increase of 32 percent from consolidated net revenues of $1.0 billion for the same period in fiscal 1999. Comparable store sales increased 9 percent for the 34-week period ended May 28, 2000, as compared to the same 34-week period in fiscal 1999.