industry headlines

Starbucks to Offer Credit Card

2003-02-21 Starbucks, Bank One, and Visa U.S.A. have announced a strategic relationship to develop "innovative new consumer payment products that will enable Starbucks to enhance consumer convenience and reward customer loyalty."...

Starbucks Reports Record First Quarter Fiscal 2003 Results

2003-01-23 First quarter earnings per share of $0.20 exceeds consensus estimate by $0.02. Targets for 2003 include opening at least 1,200 new stores and increasing total revenues by approximately 20 percent...

Starbucks Seeking Tales of Coffeehouse Romances

2003-01-09 Winners of the chain’s "Match Made Over Coffee" contest will receive an all-expenses paid trip for two to Europe.

Starbucks Reports Strong November Revenues

2002-12-02 Ten percent increase in same-store sales.

Starbucks Japan Profits on Ice

2002-11-20 Net profit down 55 percent in first half of year for Japanese subsidiary.

Starbucks Reports Record Fourth Quarter and Fiscal 2002 Results

2002-11-14 Caffeinated growth: 11th consecutive year of comparable store sales growth of 5% or greater.

Starbucks Reports Strong October Revenues

2002-10-31 Same-store sales at company-owned stores up 10%.

Starbucks Raises Fourth Quarter and FY2002 EPS Goals

2002-10-24 Company announces long-term goal of 25,00 stores worldwide.

Starbucks Testing Breakfast Sandwiches

2002-10-18 Twenty Seattle stores are participating in the hot breakfast sandwich market test.

Starbucks Reaffirms EPS Goals

2002-10-17 Growth of 20-25% per year expected by world’s leading coffee retailer.