Starbucks Reports 23% Revenue Growth in May

Starbucks reported consolidated net revenues of $613 million for the four-week period ended May 28, 2006, an increase of 23% from consolidated net revenues of $496 million for the same four-week period in fiscal 2005. On a comparable store sales basis (stores open for at least 13 months), sales at Company-operated stores increased 7% for the four weeks ended May 28, 2006, as compared to the same four-week period in fiscal 2005.

For the 34 weeks ended May 28, 2006, consolidated net revenues were $5.0 billion, an increase of 23 percent from consolidated net revenues of $4.1 billion for the same 34-week period in fiscal 2005. Comparable store sales increased eight percent for the 34 weeks ended May 28, 2006, as compared to the same 34-week period in fiscal 2005.

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