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MarketScreener Homepage  >  Equities  >  Nyse  >  Wal-Mart Stores    WMT

WAL-MART STORES (WMT)
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Wal Mart Stores : Walmart passes out bonuses

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01/13/2018 | 10:19am CEST

Walmart passes out bonuses

Walmart has announced an increase to its minimum wage and a series of bonuses in light of the Republican tax bill, but the bulk of its corporate tax cut still won't be trickling down to its workers.

Walmart CEO Doug McMillon on Thursday said a wage hike to $11 an hour would roll out in February and employees this year will be getting one-time bonuses of up to $1,000. Those who have worked for the company for 20 years are eligible for the top-tier bonus, while others will be handed smaller payouts based on their seniority.

Overall, the value of bonuses will be $400 million, but McMillion did not go into specific detail on how the fund would be doled out to the rest of the workers. The retail chain employs about 2.1 million people worldwide - an estimated 1.4 million of which are in the U.S - which means an average bonus works out to be about $190.

Lands' End to replace airline uniforms

American Airlines is turning to Lands' End to replace uniforms that employees blamed for health problems and which left the airline and the previous supplier facing a lawsuit.

Those uniforms, introduced in 2016 and made by Twin Hill, led to thousands of complaints from flight attendants and crew members who said they caused hives, wheezing, vertigo and headaches. American ultimately agreed to seek a new supplier. Before choosing Wisconsin-based Lands' End, which is also making uniforms for Delta Air Lines, American sought proposals and conducted site visits, executives at American and union leaders said Tuesday in a letter to employees.

© Copyright (c) 2018, Erie Times-News, All Rights Reserved, source Newspapers

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Financials ($)
Sales 2019 515 B
EBIT 2019 21 968 M
Net income 2019 9 608 M
Debt 2019 48 896 M
Yield 2019 2,19%
P/E ratio 2019 26,93
P/E ratio 2020 19,44
EV / Sales 2019 0,64x
EV / Sales 2020 0,62x
Capitalization 280 B
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Technical analysis trends WAL-MART STORES
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Mean consensus OUTPERFORM
Number of Analysts 34
Average target price 103 $
Spread / Average Target 7,8%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Brett M. Biggs Chief Financial Officer & Executive Vice President
Jeremy King Chief Technology Officer & Executive VP
Clay Johnson Enterprise Chief Information Officer & EVP
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