Industry News | October 31, 2002

Starbucks Reports Strong October Revenues

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Starbucks Corporation (Nasdaq: SBUX) today reported consolidated net revenues of $279 million for the four-week period ended October 27, 2002, an increase of 24 percent from consolidated net revenues of $225 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 four weeks ended October 27, 2002, as compared to the same four-week period in fiscal 2002.

Starbucks opened a net total of 94 stores over the four week period ended October 27, 61 in the U.S. and 33 in international markets.

News and information presented in this release has not been corroborated by QSR, Food News Media, or Journalistic, Inc.