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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Starbucks Corporation | NASDAQ:SBUX | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.51 | -2.02% | 73.42 | 72.89 | 74.52 | 75.51 | 72.985 | 75.27 | 22,153,875 | 05:00:08 |
From May 2019 to May 2024
Starbucks Corp. will boost compensation by as much as 15% for employees in many of its U.S. stores this year through higher base pay and stock awards.
The Seattle-based coffee chain said that effective October 3, employees in its company-operated stores will receive an increase in base pay of 5% or more. The pay increase will range depending on geographic region and market factors.
The company also said it would double the annual stock award for employees who reach two years of continuous service with the company.
The combination of the changes will result in overall compensation increases between 5% and 15%, the company said.
Starbucks stock rose 0.2% to $56.64 in morning trading.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
(END) Dow Jones Newswires
July 11, 2016 11:05 ET (15:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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