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MarketScreener Homepage  >  Equities  >  Nyse  >  Walmart Inc.    WMT

WALMART INC.

(WMT)
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Walmart : Like Amazon, to Pay Holiday Bonuses to U.S. Workers -- Update

12/03/2020 | 10:24am EST

By Sarah Nassauer

Walmart Inc. said it would pay another round of bonuses to U.S. workers as the retailer, like rival Amazon.com Inc., seeks to retain and reward staffers managing a surge in sales during the coronavirus pandemic.

Walmart said it would pay $300 cash bonuses to full-time workers and $150 bonuses to part-time associates in the U.S. on Dec. 24. Last week, Amazon.com said it would pay a round of cash bonuses to its employees.

It will be Walmart's fourth special cash bonus paid to U.S. staff since the start of the pandemic. The company said the Christmas Eve bonuses will cost $388 million. Walmart also paid $319 million in regular quarterly bonuses on Nov. 24, which the company has long paid employees based on store performance.

Walmart has reported strong sales and profit figures in recent quarters as shoppers flock to stores offering food, one-stop shopping and online-order pickup. Including typical quarterly bonuses, Walmart said it has paid more than $2.8 billion in cash bonuses this year.

The company said about 1.5 million workers will get the latest bonuses, including staff at Walmart stores and distribution centers and its Sam's Club warehouse chain. Drivers and assistant managers will also receive a special cash bonus, it said.

Like Amazon, Walmart has been adding staff this year to handle the increased business as big-box chains that have been able to stay open throughout the pandemic draw more shoppers to their stores and websites.

Write to Sarah Nassauer at sarah.nassauer@wsj.com

(END) Dow Jones Newswires

12-03-20 1023ET

Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -2.81% 3232.58 Delayed Quote.-0.75%
WALMART INC. -2.49% 143.84 Delayed Quote.-0.22%
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Financials (USD)
Sales 2021 552 B - -
Net income 2021 19 385 M - -
Net Debt 2021 44 086 M - -
P/E ratio 2021 20,5x
Yield 2021 1,52%
Capitalization 417 B 417 B -
EV / Sales 2021 0,84x
EV / Sales 2022 0,83x
Nbr of Employees 2 200 000
Free-Float 48,9%
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | WMT | US9311421039 | MarketScreener
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 161,50 $
Last Close Price 143,84 $
Spread / Highest target 25,1%
Spread / Average Target 12,3%
Spread / Lowest Target -27,7%
EPS Revisions
Managers and Directors
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Dacona Smith Chief Operating Officer & Senior VP-Sam's Club
Brett M. Biggs Chief Financial Officer & Executive Vice President
Clay Johnson Enterprise Chief Information Officer & EVP
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