Orin Smith Level Quotations

Our third-quarter financial results demonstrate the ongoing strength of our business, ... Starbucks operations are functioning at a more sophisticated level than ever before. Our consistently strong performance positions us well to achieve our aggressive fiscal 2005 goals -- including an acceleration of store growth as we pursue the Company's expanding global opportunity.

through a combination of increased transactions, exceptional store level execution and an appealing product mix, we delivered our most successful holiday season since 1994.