USA: Starbucks reports October revenues

Starbucks Corporation (Nasdaq:SBUX) Thursday (1 November) reported consolidated net revenues of $224 million for the four-week period ended October 28, 2001, an increase of 19 percent from consolidated net revenues of $189 million for the same period in fiscal 2001. On a comparable store sales basis (stores open for at least 13 months), sales at company-operated stores increased 1 percent for the four weeks ended October 28, 2001 as compared to the same four-week period in fiscal 2001.

                           STORE INFORMATION

Net stores opened
during the 4 weeks
ended Stores open as of
October 28, 2001 October 28, 2001
—————- —————-
Continental North America:
Company-Operated Stores 62 3,033
Licensed Stores 19 828
—– —–
81 3,861
International:
Company-Operated Stores 9 304
Licensed Stores 22 656
—– —–
31 960

Total 112 4,821
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Starbucks Coffee Company is the leading retailer, roaster and brand of specialty coffee in the world. In addition to its more than 4,800 retail locations in North America, the United Kingdom, continental Europe, the Middle East and the Pacific Rim, 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. The Company’s other brands enhance the Starbucks Experience through best-of-class products: Tazo Tea Company offers a line of innovative premium teas, and Hear Music produces and distributes a line of exceptional compact discs.

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