03:41 PM EDT, 08/18/2025 (MT Newswires) -- (Updates with Starbucks ( SBUX ) confirmation and recent share movement starting in the first paragraph.)

Starbucks ( SBUX ) will offer all US salaried employees a 2% pay increase this year as part of a strategy that involves better service, and shorter wait times, a company spokesperson confirmed to MT Newswires Monday.

Bloomberg reported earlier that the decision is a shift from previous pay raises that were set at managers' discretion. The company has urged executives to limit costs to implement the strategy.

The 2% raise is applicable to all corporate staff, as well as to workers in manufacturing and distribution, according to the report.

Shares were up more than 2% in recent afternoon trading.

Price: 92.78, Change: +2.18, Percent Change: +2.40