Starbucks Corporation (Nasdaq:SBUX) today reported consolidated net revenues of $486 million for the four-week period ended November 28, 2004, an increase of 26 percent from consolidated net revenues of $387 million for the same period in fiscal 2004. On a comparable store sales basis (stores open for at least 13 months), sales at Company-operated stores increased 13 percent for the four weeks ended November 28, 2004, as compared to the same four-week period in fiscal 2004.

"The early launch of Starbucks holiday promotion, highlighted by this year's Christmas Blend, along with the continued popularity of Pumpkin Spice Latte and growth in our music business, all contributed to Starbucks outstanding November sales results," stated Howard Schultz, chairman. "I am very proud of our partners throughout the Company for launching Starbucks holiday season with such great success."

"It is important to note, as we have said in the past, that comparable store sales growth of the extraordinary level achieved in November is not sustainable," added Schultz. "We continue to believe that 20 percent net revenue growth and approximately three to seven percent comparable store sales growth is the right level for longer-term expectations."

For the eight weeks ended November 28, 2004, consolidated net revenues were $940 million, an increase of 25 percent from consolidated net revenues of $750 million for the eight weeks ended in fiscal 2004. Comparable store sales increased 12 percent for the eight weeks ended November 28, 2004, as compared to the same eight weeks in fiscal 2004.

This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including comparable store sales expectations, and trends in or expectations regarding the Company's net revenue growth, are all based on currently available operating, financial, and competitive information and are subject to various risks and uncertainties. Actual future results and trends may differ materially depending on a variety of factors including but not limited to, coffee, dairy and other raw material prices and availability, successful execution of internal performance and expansion plans, fluctuations in U.S. and international economies and currencies, ramifications from the war on terrorism, or other international events or developments, the impact of initiatives by competitors, the effect of legal proceedings, and other risks detailed in the Company's filings with the Securities and Exchange Commission, including the "Certain Additional Risks and Uncertainties" section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 28, 2003.

Starbucks Corporation is the leading retailer, roaster and brand of specialty coffee in the world, with more than 8,700 retail locations in North America, Latin America, Europe, the Middle East and the Pacific Rim. The Company is committed to offering the highest quality coffee and the Starbucks Experience while conducting its business in ways that produce social, environmental and economic benefits for communities in which it does business. In addition to its retail operations, the Company produces and sells bottled Frappuccino(R) coffee drinks, Starbucks DoubleShot(R) coffee drink, and a line of superpremium ice creams through its joint venture partnerships. The Company's brand portfolio provides a wide variety of consumer products. Tazo Tea's line of innovative superpremium teas and Hear Music's exceptional compact discs enhance the Starbucks Experience through best-of-class products. The Seattle's Best Coffee(R) and Torrefazione Italia(R) Coffee brands enable Starbucks to appeal to a broader consumer base by offering an alternative variety of coffee flavor profiles.