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 Arizona, associates will be awarded approximately $6.7 million for fourth quarter performance.
“At Walmart, we believe in celebrating our associates and sharing in the company’s wins,” said Steven Reed, Walmart regional general manager for Arizona. “We are committed to investing in our people and making sure they know that their tireless dedication is what makes our stores successful.”
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.
“We are very proud of our associates and the commitment they show to Walmart,” said Damir Hasic, Walmart store manager in Phoenix. “They work very hard to serve our customers and help us achieve our goals, so we love being able to thank them with performance bonuses each year.”
For the full fiscal year, Walmart U.S. associates received nearly $800 million in store performance-based bonuses. In Arizona, associates shared nearly $24.8 million in store performance-based bonuses for the full fiscal year.