Starbucks expansion plans full-steam ahead
Specialty coffee retailer Starbucks Corp. reiterated its plans to open about 1,300 stores globally for fiscal 2004. The retailer also announced that it plans to increase its total revenues by about 25 percent, achieve comparable stores sales growth from 3 to 7 percent and achieve earnings per share of
$0.86 to $0.87, all in fiscal 2004. Fiscal 2003 reflected the strongest financial performance in the company's history, including $4.2 billion in total net revenues, which represents a 24 percent year-over-year growth.
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Specialty coffee retailer Starbucks Corporation this week reiterated its plans to open about 1,300 stores globally for fiscal 2004.
SEATTLE - Starbucks Corp. announced record revenues and earnings for its fiscal fourth quarter and its 52 weeks ended Sept. 28, 2003.
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