Walmart Associates in Texas Earn More Than $23.6 Million in Cash Bonuses Following Strong Q4 Store Performance
In Texas, associates will be awarded approximately $23.6 million for fourth quarter performance.
On Thursday, more than 912,000 Walmart U.S. associates received a share
of nearly $207 million in cash bonuses, as the company experienced a
strong 4.2 percent fourth quarter comp sales growth. Associates are
receiving their bonuses in paychecks received March 7. In Texas,
associates will be awarded approximately $23.6 million for fourth
quarter performance.
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Walmart Texas associates received $23.6M in bonuses. (Graphic: Business Wire)
“We couldn't be more proud of our associates in the Lone Star
State," said Sonya Hostetler, Walmart vice president and regional
general manager. "Every day in stores across Texas, these dedicated
individuals work hard to offer our customers an outstanding shopping
experience. Each of our more than 160,000 associates in the state plays
a critical role to ensure we are making every day more convenient for
busy families. We are pleased to reward these hardworking associates for
their contributions to making Walmart a place customers trust to help
them save money and live better.”
Quarterly bonuses are part of an overall incentive plan designed to
reward associates whose stores achieve sales and customer service
goals. Both full- and part-time associates are eligible for cash bonuses
based on store performance.
For the full fiscal year, Walmart U.S. associates received nearly $800
million in store performance-based bonuses. In Texas, associates
shared more than $94.8 million in store performance-based bonuses for
the full fiscal year.
About Walmart in Texas
Walmart Inc. (NYSE: WMT) helps people
around the world save money and live better - anytime and anywhere - in
retail stores, online, and through their mobile devices. Each week, over
260 million customers and members visit our more than 11,600 stores
under nearly 60 banners in 28 countries and eCommerce websites. In
Texas, we serve customers at 598 retail units and online through Walmart
Grocery Pickup, Walmart.com
and Jet.com.
We are proud to employ 169,390 associates in Texas. Walmart supports
local businesses, spending $52.4 billion with Texas suppliers in FY19,
which supported 285,93 supplier jobs. Learn more at the Walmart Today blog,
and our Facebook,
Twitter,
Pinterest,
Instagram
channels.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190308005375/en/