Walmart Agrees to $100 Million FTC Settlement Over Spark Driver Pay [Yahoo! Finance]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
This article first appeared on GuruFocus Walmart ( NASDAQ:WMT ) has agreed to pay $100 million to resolve allegations from the US Federal Trade Commission and 11 states that it withheld tips and misrepresented earnings for drivers participating in its Spark delivery program. In a complaint filed in California federal court, the FTC alleged that Walmart misled drivers about how base pay, tips and special incentive opportunities were calculated, and did not inform customers that tips would not be fully paid to the person completing the delivery. States including Arizona, California and Illinois joined the action, reinforcing the breadth of the regulatory challenge. Warning! GuruFocus has detected 10 Warning Sign with FANG. Is WMT fairly valued? Test your thesis with our free DCF calculator. The settlement arrives at a moment when Walmart's digital platform has become one of its primary growth engines. The company's e-commerce operations expanded 24% globally last year and excee
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News
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WMT
Earnings
- 2/19/26 - Beat
WMT
Sec Filings
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- 2/27/26 - Form 144
- WMT's page on the SEC website