1、L e t t e r t o S h a r e h o l d e r s s t a r b u c k s c o f f e e c o m p a n y P.1 7To our Shareholders,We entered the new Millennium with a great sense of accomplishment and excitement,knowing thatwe were poised to share the Starbucks Experience with even more people around the world.Today,the
2、anticipation we experienced as we began fiscal year 2000 has been more than fulfilled,thanks to thepassion and dedication of our partners(employees),our unwavering commitment to the highestquality coffee,and the connection that we are fortunate to enjoy with our customers.We believe thatthe possibil
3、ities for our future achievements are virtually limitless,and we are even more inspired toclimb to greater heights.These are still the early days of building our company and the Starbucks brand.Starbucks experienced tremendous success and growth in fiscal year 2000.We had record revenues of$2.2 bill
4、ion for the year.Our stellar performance included three consecutive quarters ofdouble-digit comparable store sales increases-an amazing achievement for any retail company of oursize and maturity,culminating in a 9 percent comparable stores sales growth for the full year,thehighest it has been since
5、1995.We far exceeded our projected target of 600 new store openings for the year,with 1,035 new company-owned and licensed locations worldwide,including 778 stores in North America alone.We surpassedour goal to open 150 international stores,opening 257 international locations by the end of fiscalyea
6、r 2000.In the United Kingdom,we opened 63 new locations,well ahead of our target of 50stores.We also entered a number of international markets including Lebanon,the United ArabEmirates,Qatar,Hong Kong,Shanghai and Australia,bringing our total number of internationallocations to 525 at the end of the