Bonuses are a portion of nearly $207 million earned nationwide in Q4 store performance-based cash bonuses
Today,more than 912,000 Walmart U.S. associates will receive 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 Maryland, associates will be awarded approximately $1.9 million for fourth quarter performance.
“Our associates are continuously growing and learning, embracing technological innovations and educational opportunities to raise the stakes and truly create a great shopping experience for our customers here in Maryland,” said Jason Leisenring, Regional General Manager, Walmart. “I am so proud to reward their hard work and continue to recognize our associates as they strive to do what we do best, help our neighbors 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 Maryland, associates shared more than $7.7 million in store performance-based bonuses for the full fiscal year.
About Walmart in Maryland
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. In Maryland we serve customers at 60 retail units and online through Walmart Online Grocery, http://Walmart.com and our family of brands. We are proud to employ 18,200 associates in Maryland. Walmart supports local businesses, spending $1.2 billion with Maryland suppliers in FYE 2018 and supporting 34,800 Maryland supplier jobs. Walmart continues to be a leader in employment opportunity, sustainability, and corporate philanthropy. In FY18 Walmart and the Walmart Foundation contributed more than $8 million in cash and in-kind donations to local nonprofits in Maryland and our Maryland associates volunteered more than 2,600 hours with local causes. Additional information about Walmart can be found by visiting our corporate website and our Instagram, Facebook and Twitter channels.
