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WALMART INC.

(WMT)
  Report
Delayed Quote. Delayed Nyse - 09/20 04:10:00 pm
142.74 USD   -1.38%
10:14aToy demand hits supply-chain snarls as Xmas looms
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10:05aINSIDER SELL : Walmart
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07:56aHigh-stakes Christmas looms as surging toy demand meets supply-chain snarls
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Walmart : Paying More Than $700 Million in Additional Associate Bonuses

12/03/2020 | 09:46am EDT

By Dave Sebastian

Walmart Inc. said it is paying more than $700 million in cash bonuses to its associates in the U.S., bringing its total bonus amount paid to about $2.8 billion this year as the Covid-19 pandemic caused a shift in shopping habits.

The additional bonuses comprise $319 million collectively in quarter paid in Nov. 25 paychecks and an estimated $388 million in special cash bonuses to be paid Dec. 24, Walmart said Thursday.

About 1.5 million associates working in the company's stores, clubs, distribution centers and fulfillment centers will receive the Dec. 24 bonus, Walmart said.

Part-time and temporary hourly associates will get $150 in special bonus, while full-time associates will get $300. More than 60% of the company's associates are full-time, it said.

Walmart also extended its Covid-19 leave policy to July 5, 2021. Under the policy, associates could get two weeks of pay if they need to stay home for Covid-related reasons such as mandatory quarantines, symptoms or illness. The company could provide additional pay replacement if the workers aren't able to return to work after the two weeks, it said.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

12-03-20 0945ET

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Analyst Recommendations on WALMART INC.
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Financials (USD)
Sales 2022 559 B - -
Net income 2022 14 892 M - -
Net Debt 2022 30 602 M - -
P/E ratio 2022 26,8x
Yield 2022 1,55%
Capitalization 398 B 398 B -
EV / Sales 2022 0,77x
EV / Sales 2023 0,74x
Nbr of Employees 2 300 000
Free-Float 50,5%
Chart WALMART INC.
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Walmart Inc. Technical Analysis Chart | WMT | US9311421039 | MarketScreener
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 37
Last Close Price 142,74 $
Average target price 167,77 $
Spread / Average Target 17,5%
EPS Revisions
Managers and Directors
C. Douglas McMillon President, Chief Executive Officer & Director
Brett M. Biggs Chief Financial Officer & Executive Vice President
Gregory B. Penner Non-Executive Chairman
Clay Johnson Enterprise Chief Information Officer & EVP
Jerry R. Geisler Chief Information Security Officer & Senior VP
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