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Starbucks Corp




Starbucks Corporation is the leading retailer, roaster and brand of specialty coffee in the world, with more than 10,500 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim.Starbucks Corp is a fortune 500 stock listed company trading under the symbol SBUX. The Company has a good past stock performance record.

For the 13 weeks ended January 1, 2006, consolidated net revenues increased 22 percent to 1.9 billion dollars from 1.6 billion dollars for the same period in fiscal 2005, and net earnings increased 20 percent to 174 million dollars from 145 million dollars for the same period in fiscal 2005. Fully diluted earnings per share were 0.22 dollar for the 13 weeks ended January 1, 2006, compared to a split-adjusted 0.17 per share for the comparable period in fiscal 2005. The Company adopted the new accounting requirements related to expensing stock-based compensation in the first fiscal quarter of 2006, which reduced net earnings by 0.02 dollar per share in the quarter.
 
The Company’s record-breaking numbers in fiscal 2005 have proved impressive for Starbucks and its shareholders with consolidated net revenues of 6.4 billion dollars which is an increase of 20 percent from 5.3 billion dollars in the fiscal year 2004. Net earnings for fiscal 2005 increased 27 percent to 494 million dollars and the Company realized 14 consecutive years of comparable store sales growth of five percent or greater. The strong year was followed by a robust fiscal 2006 first quarter, leading Starbucks to raise its fiscal 2006 earnings per share target to 0.68 - 0.70 dollars.
 
Specialty revenues increased 33 percent to a record 306 million dollars for the 13 weeks ended January 1, 2006, compared to 231 million dollars for the corresponding period of fiscal 2005. Licensing revenues increased 39 percent to 219 million dollars primarily due to higher product sales and royalty revenues from opening 1,049 new licensed retail stores in the last 12 months and growth in the licensed grocery and warehouse club business. Foodservice and other revenues increased 18 percent to 87 million dollars due to growth in both new and existing U.S. and International foodservice accounts.
 
 In fiscal 2005, Starbucks successfully extended its brand through the introduction of innovative new products and new distribution channels, while also introducing the Starbucks Experienceto new countries.  With every successful milestone, the Company reaffirmed its commitment to its customers, partners and communities in which Starbucks operates.

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