UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2003

STARBUCKS CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Washington
(State or Other Jurisdiction of
Incorporation or Organization) 0-20322
(Commission File Number) 91-1325671
(IRS Employer
Identification No.)

2401 Utah Avenue South, Seattle, Washington 98134
(Address of principal executive offices)

(206) 447-1575
(Registrant’s Telephone Number, including Area Code)

TABLE OF CONTENTS

	Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
	Item 9. Information Furnished Under Item 12 (Results of Operations and Financial Condition)
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

(c) Exhibits.

Exhibit
Number	Description
99.1	Starbucks Corporation Quarterly Earnings Release for the 13 and 39 weeks ended June 29, 2003.

Item 9. Information Furnished Under Item 12 (Results of Operations and Financial Condition).

     The information contained in this Item 9 of this Current Report is being furnished pursuant to “Item 12. Results of Operations and Financial Condition” of Form 8-K in accordance with SEC Release Nos. 33-8216; 34-47583 (March 27, 2003).

     The information in this Current Report is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.

     On July 24, 2003, Starbucks Corporation issued an earnings release announcing its financial results for the 13 and 39 weeks ended June 29, 2003. A copy of the earnings release is attached as Exhibit 99.1.

     Exhibit 99.1 to the report contains a “non-GAAP financial measure” as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended. The non-GAAP financial measure covers systemwide retail store sales. This non-GAAP financial measure is discussed below, including the most directly comparable financial measure calculated and presented in accordance with Generally Accepted Accounting Principles in the United States (“GAAP”), a reconciliation of the non-GAAP financial measure to the most directly comparable GAAP financial measure, and the reasons why the Company believes the presentation of the non-GAAP financial measure provides useful information to management and to investors. The non-GAAP financial measure should be viewed in addition to, and not as an alternative for, the Company’s reported results prepared in accordance with GAAP.

     On page 9 of the earnings release included in Exhibit 99.1, the Company indicated that systemwide retail store sales were $1.2 billion and $972 million for the 13 weeks ended June 29, 2003, and June 30, 2002, respectively. Systemwide retail store sales were $3.5 billion and $2.8 billion for the 39 weeks ended June 29, 2003, and June 30, 2002, respectively. Management has indicated that the growth of these sales was primarily driven by the opening of 1,133 retail stores in the last 12 months and strong comparable store sales growth for Company-operated retail stores. The most directly comparable financial measure calculated and presented in accordance with GAAP to the systemwide retail store sales measure is “Retail” revenues on the consolidated statement of earnings. The systemwide retail store sales measure also includes the net retail revenues generated by licensed stores, as reported by domestic and international licensees or estimated due to timing of periodic reporting by licensees.

     The following table reconciles the Company’s total “Retail” revenues, prepared on the basis of GAAP, to total systemwide retail store sales for the periods presented:

		13 Weeks Ended				39 Weeks Ended
		June 29,		June 30,		June 29,		June 30,
(in millions)		2003		2002		2003		2002
Retail revenues for Company-operated retail stores sales prepared in accordance with GAAP		$	878	$	712	$	2,537	$	2,058
Licensed retail stores sales			328		260		928		719
	Total systemwide retail store sales	$	1,206	$	972	$	3,465	$	2,777

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     The following table provides a further break down of total systemwide retail store sales between the Company’s North American and international operations:

		13 Weeks Ended				39 Weeks Ended
		June 29,		June 30,		June 29,		June 30,
(in millions)		2003		2002		2003		2002
Continental North America:
	Company-operated retail store sales (a)	$	803	$	659	$	2,327	$	1,909
	Licensed retail store sales (b)		121		90		338		245
			924		749		2,665		2,154
International:
	Company-operated retail store sales (a)		75		53		210		149
	Licensed retail store sales (b)		207		170		590		474
			282		223		800		623
		$	1,206	$	972	$	3,465	$	2,777

(a)	Company-operated retail store sales are reflected as “Retail” revenues, prepared on a GAAP basis, on the consolidated statements of earnings included on pages 4 and 5 of the earnings release included in Exhibit 99.1.
(b)	Includes retail store sales as reported by domestic and international licensees. Portions of these sales may be estimated due to timing of periodic reporting by licensees.

     The systemwide retail store sales measure is useful to management and investors because it provides an indication of consumer spending in Starbucks retail stores, a growing portion of which is licensed and not consolidated into the financial results of Starbucks Corporation. The systemwide retail store sales measure is primarily used by the restaurant industry.

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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	STARBUCKS CORPORATION
Dated: July 24, 2003		By:	/s/ Michael Casey
			Michael Casey
			executive vice president and chief financial officer
			Signing on behalf of the registrant and as principal financial officer

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	Earnings Release dated July 24, 2003.

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