With Starbucks already operating 11,500 stores in the US andabroad, the company is opening five new stores per day seven days aweek, Casey pointed out. He said the company is on track to open1,800 new stores this fiscal year.
"We now have the organizational capability and the marketopportunity to add stores in the future at a faster pace," Caseysaid. He described Starbucks' future as "one of global expansion,both in our retail store business and in expanding our brands tonew products and through new distribution channels."
Despite the aggressive pace of new-store openings, Casey noted,Starbucks has posted steady same-store growth throughout itshistory and expects to continue to do so this year. He said 2006will be the 15th consecutive year of comp-store sales growth of 5%or higher for the chain.
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