Walmart to pay nearly $550 million in employee bonuses: 'It's almost like a mini stimulus package' [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
Walmart In an interview on "Squawk Box" "It's almost like a mini stimulus package for Walmart associates," he said. The nation's largest grocer said Thursday its special cash bonuses will total more than $365 million. Walmart's full-time hourly associates will get a $300 bonus and part-time hourly associates will get a $150 bonus. The bonuses will be paid out April 2 and every hourly associate employed by the company as of March 1 will qualify. The retailer is accelerating the payout of its next scheduled quarterly bonuses for store, club and supply chain employees. It will pay that planned $180 million of bonuses in late April, a month earlier than planned. At the usual time for those quarterly bonuses in May, employees may get an additional increase based on performance. has seen a boost in sales as people rising cases of the coronavirus Bartlett said on "Squawk Box" Friday that Walmart now sees the most supply chain pressure with food. "It is quite frankly, unprecedented, the type
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M
Earnings
- 2/27/24 - Beat
M
Sec Filings
- 4/15/24 - Form ARS
- 4/15/24 - Form DEF
- 4/10/24 - Form 8-K
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