2.7.2003: Meldung: Starbucks Corp.: Revenue Results in June
Tuesday July 1, 4:02 pm ET
Continuous Innovation Fuels Topline and Comparable Store Sales Growth
SEATTLE-- July 1, 2003--Starbucks Corporation (Nasdaq:SBUX - News) today reported consolidated net revenues of $410 million for the five-week period ended June 29, 2003, an increase of 27 percent from consolidated net revenues of $323 million for the same period in fiscal 2002. On a comparable store sales basis (stores open for at least 13 months), sales at Company- operated stores increased 10 percent for the five weeks ended June 29, 2003, as compared to the same five-week period in fiscal 2002.
For the 39 weeks ended June 29, 2003, consolidated net revenues were $3.0 billion, an increase of 24 percent from consolidated net revenues of $2.4 billion for the same period in fiscal 2002. Comparable store sales increased 8 percent for the 39 weeks ended June 29, 2003, as compared to the same 39 weeks in fiscal 2002.
"The strength of our June revenues is a direct result of our ongoing ability to deliver the experience that our customers expect from the Starbucks brand," stated chairman Howard Schultz. "We are continuing to innovate and deliver strong financial performance, while investing in a foundation to capture the tremendous worldwide opportunity for the Starbucks brand. With our market-defining beverage innovations, popular programs such as the Starbucks Card and Wi-Fi network, and the continuing growth in our international and specialty operations, we are just beginning to realize our long-term potential."
Net stores opened during
the 39 weeks ended Stores open as of
June 29, 2003 June 29, 2003
Continental North America:
Company-Operated Stores 358 3,854
Licensed Stores 231 1,309
Company-Operated Stores 48 432
Licensed Stores 218 1,146
Total 855 6,741
Starbucks plans to release its third quarter fiscal 2003 financial results on July 24, 2003, and will hold a conference call at 1:30 p.m. Pacific time on the 24th to discuss these results. The conference call will be broadcast live over the Internet and can be accessed at http://www.starbucks.com/aboutus/ investor.asp.
Starbucks Corporation is the leading retailer, roaster and brand of specialty coffee in the world, with more than 6,500 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® coffee drinks, Starbucks DoubleShot(TM) 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.
Source: Starbucks Corporation