No surprise here. If they are going to raise employees pay by 5%, then they are going to have to increases prices by that much.
Starbucks says it’s increasing prices slightly on brewed coffee, espresso and tea latte beverages.
The Seattle-based coffee chain says prices on select sizes of brewed coffee in U.S. company-operated stores are jumping 10 to 20 cents Tuesday, while prices on espresso and tea latte beverages will rise 10 to 30 cents.
The company says in a statement that pricing in stores is “continually evaluated on a product-by-product and market-by-market basis in order to balance business needs.”
The price jump comes a day after Starbucks announced it would boost the base pay of all employees and store managers at U.S. company-run stores by 5 percent or more.
Via the AP