February 2, 2005
Net Revenues Increase 23 Percent; Comparable Store Sales Increase 7 Percent
Starbucks Corporation (Nasdaq:SBUX) today reported consolidated net revenues of $452 million for the four-week period ended January 30, 2005, an increase of 23 percent from consolidated net revenues of $368 million for the same four-week period in fiscal 2004. On a comparable store sales basis (stores open for at least 13 months), sales at Company-operated stores increased 7 percent for the four weeks ended January 30, 2005, as compared to the same four-week period in fiscal 2004.
For the 17 weeks ended January 30, 2005, consolidated net revenues were $2.0 billion, an increase of 24 percent from consolidated net revenues of $1.6 billion for the same 17-week period in fiscal 2004. Comparable store sales increased 10 percent for the 17 weeks ended January 30, 2005, as compared to the same 17-week period in fiscal 2004.
"Starbucks strong January results reflect continuous innovation combined with the efforts of our partners that are a hallmark of the Company's ongoing success," stated Jim Donald, ceo-designate. "As we approach the opening of our 9,000th store, we continue to believe in the long-term opportunity to share the Starbucks Experience in at least 30,000 Starbucks stores worldwide."
Net stores opened during
the 17 weeks ended Stores open as of
January 30, 2005 January 30, 2005
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United States:
Company-operated Stores 129 4,422
Licensed Stores 148 1,987
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277 6,409
International:
Company-operated Stores 42 999
Licensed Stores 106 1,586
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148 2,585
Total 425 8,994
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Starbucks Corporation is the leading retailer, roaster and brand of specialty coffee in the world, with nearly 9,000 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental and economic benefits for communities in which it does business. In addition to its retail operations, the Company produces and sells bottled Frappuccino(R) coffee drinks, Starbucks DoubleShot(R) coffee drink, and a line of superpremium ice creams through its joint venture partnerships. The Company's brand portfolio provides a wide variety of consumer products. Tazo Tea's line of innovative superpremium teas and Hear Music's exceptional compact discs enhance the Starbucks Experience through best-of-class products. The Seattle's Best Coffee(R) and Torrefazione Italia(R) Coffee brands enable Starbucks to appeal to a broader consumer base by offering an alternative variety of coffee flavor profiles.
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including anticipated store openings, are based on currently available operating, financial, and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors including but not limited to, coffee, dairy and other raw material prices and availability, successful execution of internal performance and expansion plans, fluctuations in U.S. and international economies and currencies, ramifications from the war on terrorism, or other international events or developments, the impact of initiatives by competitors, the effect of legal proceedings, and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Certain Additional Risks and Uncertainties" section of Starbucks Annual Report on Form 10-K for the fiscal year ended October 3, 2004.
(C) 2005 Starbucks Coffee Company. All rights reserved.
Starbucks Investor Relations
Mary Ellen Fukuhara
206-318-4025
Starbucks Media
Lara Wyss
206-447-7950 ext. 52690
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