(NEW YORK)—Starbucks wants a few extra pennies for that latte.
Depending on the market, Starbucks Corp. notes it's the first price hike most customers will see in about two years.
The price hike comes despite falling coffee costs that have boosted the company's profits. In the last quarter, Starbucks cited lower coffee costs for a stronger operating margin, which represents the money it pockets from sales after subtracting what it pays to keep stores running.
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