Starbucks Corp. said Tuesday that customers at many of its U.S. stores will pay as much as 30 cents more for certain beverages, causing the average customer ticket to increase by about 1%.

Starbucks customers will pay 10 cents to 20 cents more for certain sizes of brewed coffee, and 10 cents to 30 cents more on espresso beverages and tea lattes. The increases, effective at company-operated stores in the U.S., will vary by market.

In the past two years, Starbucks has raised prices on certain beverages by between 5 cents and 20 cents each year. The company on Tuesday said the latest increase was needed for "business needs."

On Monday, the company said it would increase compensation by up to 15% for employees in company-operated stores.

Starbucks stock, inactive premarket, has fallen 6.2% so far this year.

Write to Joshua Jamerson at joshua.jamerson@wsj.com

(END) Dow Jones Newswires

July 12, 2016 07:35 ET (11:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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