Walmart's Spark Delivery Program Under Fire in $100M FTC Settlement Over Pay, Tips [Yahoo! Finance]
Walmart Inc. (WMT)
Last walmart inc. earnings: 2/18 06:00 am
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Source: Yahoo! Finance
Walmart will pay up to $100 million to settle a complaint by the Federal Trade Commission (FTC) and 11 states alleging the company withheld tips and misrepresented wages to drivers who deliver orders as part of its Spark program The retail giant has already paid or will directly compensate up to $79 million to the drivers, including $16.2 million set aside to establish a “driver fund” to make additional payments. Another $11 million in civil penalties will be paid to the state plaintiffs, while another $10 million payout will go to the FTC to administer restitution to customers who unknowingly left tips that were not going to drivers. More from Sourcing Journal FedEx Moves to Recoup Tariffs, Says Shippers Would Get Money Back Court Rejects Teamsters' Bid to Block UPS Driver Buyout Program Walmart 'Averaging Under an Hour' for Express Delivery “We have issued payments to impacted drivers and continue to make additional payments as appropriate,” a Walmart spokesperson said
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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