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% fourth quarter comp sales growth. Associates are receiving their bonuses bonuses in paychecks received March 7. In Louisiana, associates will be awarded approximately $5.2 million for fourth quarter performance.
“We continue to succeed as a business because ofthe hard work of our associates and we are pleased to reward them for their dedication to helping Louisianacustomers save money and live better. It’s their work that makes a difference,” said James Winchester, Walmart regional general manager in Louisiana. “Their incredible passion is why our customers comr back day after day”.
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 Louisiana, associates shared more than $15.4 million in store performance-based bonuses for the full fiscal year.