Starbucks Reports January Revenues.SEATTLE, Wash.--(BUSINESS WIRE)--Jan. 29, 1998--Starbucks Corporation (Nasdaq: SBUX SBUX Starbucks Corporation (stock symbol) SBUX Starbucks Coffee Company ) today reported consolidated net revenues of $83.7 million for the four-week period ended January 25, 1998, an increase of 34 percent from consolidated net revenues of $62.4 million for the same period in fiscal 1997. On a comparable store sales basis (stores open for at least 13 months), sales increased 7 percent for the four weeks ended January 25, 1998 as compared to the same four-week period in fiscal 1997. For the seventeen weeks ended January 25, 1998, consolidated net revenues were $400.7 million, an increase of 33 percent from consolidated net revenues of $301.6 million for the same period in fiscal 1997. Comparable store sales increased 5 percent for the seventeen-week period ended January 25, 1998, as compared to the same seventeen-week period in fiscal 1997. During the seventeen weeks ended January 25, 1998, the Company opened 132 retail stores and ended the period with 1,401 Company-operated retail stores. During the same period, licensees opened 14 stores in continental North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. bringing the total number of licensed stores in continental North America to 106. Additionally, licensees (including those in which the Company is a joint venture partner) opened 11 retail stores in the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. , including the first Starbucks store in the Philippines. There are now 28 Starbucks retail stores in the Pacific Rim. The Company and its licensees plan to open a total of at least 350 new stores in continental North America and a total of at least 40 new stores in the Pacific Rim during fiscal 1998. Starbucks Coffee Company is the leading retailer, roaster roaster a young fowl for eating; weighs 5 to 7 lb at 6 months of age. and brand of specialty coffee in North America. In addition to its 1,535 retail locations in North America and the Pacific Rim, Starbucks has a specialty sales group and a national direct response business. CONTACT: Starbucks Investor Relations Investor relations The process by which the corporation communicates with its investors. Tracy Moran Moran equitable councillor to King Feredach. [Irish Hist.: Brewer Dictionary, 728] See : Justice , 206-442-7806 NOD NOD National Organization on Disability NOD Notice of Default NOD Non-Obese Diabetic (strain of laboratory mouse) NoD Number of Deaths (gaming) NOD Notice of Deficiency NOD Notice of Determination + number is: 800/239-0317 http://www.businesswire.com/cnn/sbux.htm |
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