8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

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

May 5, 2005

Date of Report (Date of earliest event reported)

STARBUCKS CORPORATION

(Exact name of registrant as specified in its charter)

Washington
(State or other jurisdiction of
incorporation) 0-20322
(Commission File Number) 91-1325671
(IRS Employer Identification No.)

2401 Utah Avenue South
Seattle, Washington 98134

(Address of principal executive offices) (Zip Code)

(206) 447-1575

(Registrant’s telephone number, including area code)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 8.01. Other Events.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
EXHIBIT 99.1

Item 8.01. Other Events.

     Attached hereto as Exhibit No. 99.1 and incorporated herein by reference is the text of a press release of Starbucks Corporation (the “Company”) dated May 5, 2005, announcing that the Board of Directors of the Company has authorized the repurchase by the Company of up to an additional ten million shares of its common stock, par value $0.001 per share.

Item 9.01. Financial Statements and Exhibits.

(c)   Exhibits.

Exhibit No.	Description
99.1	Press release of Starbucks Corporation dated May 5, 2005.

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SIGNATURES

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

	STARBUCKS CORPORATION
Dated: May 5, 2005	By:	/s/ Michael Casey
		Michael Casey
		executive vice president and chief financial officer

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release of Starbucks Corporation dated May 5, 2005.

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EX-99.1

Exhibit 99.1

Starbucks Contact, Investor Relations:	Starbucks Contact, Media:
Mary Ellen Fukuhara	Lara Wyss
206-318-4025	206-447-7950 ext. 52690

Starbucks Announces Additional Stock Repurchase Authorization

SEATTLE; May 5, 2005 – Starbucks Corporation (Nasdaq: SBUX) today announced that its Board of Directors has authorized the repurchase of up to 10 million shares of the Company’s common stock. This authorization is in addition to the 5.7 million shares that remain available for repurchase under existing authorizations. Since the Company’s initial share repurchase program was authorized in September of 2001, Starbucks has repurchased a total of 27.2 million shares at a cost of $1 billion under authorized programs through Wednesday, May 4, 2005.

“Starbucks business performance continues to generate strong cash flow, which enables us to execute further share buybacks, along with the ongoing investment in our growth strategy. This additional authorization to repurchase stock reflects the continued commitment by both the Board of Directors and Starbucks leadership team to pursuing opportunities that return value to our shareholders,” stated Michael Casey, chief financial officer.

Shares will be repurchased in the open market at times and amounts considered appropriate by the Company based on factors including price and market conditions. Additionally, the Company’s Board of Directors has authorized that purchases can be made under Rule 10b5-1 of the Securities Exchange Act of 1934. A Rule 10b5-1 plan allows Starbucks to repurchase its shares during periods when the Company would normally not be active in the market due to its own internal trading blackout periods. All such purchases must be made according to a predefined plan that is established when the Starbucks plan administrator is not aware of material non-public information.

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Starbucks Corporation is the leading retailer, roaster and brand of specialty coffee in the world, with more than 9,000 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® coffee drinks, Starbucks DoubleShot® 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® and Torrefazione Italia® Coffee brands enable Starbucks to appeal to a broader consumer base by offering an alternative variety of coffee flavor profiles.

© 2005 Starbucks Coffee Company. All rights reserved.

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