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 California, associates will be awarded approximately $11.4 million for fourth quarter performance.
"Our associates are an essential part of the Walmart family, and their dedication to great service ensures an enjoyable shopping experience for our customers," said Todd Siron, Walmart Regional Vice President. "We are thrilled to be able to give California associates quarterly bonuses for the tremendous role they play in making Walmart the place Californians go to 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 California, associates shared more than $34.2 million in store performance-based bonuses for the full fiscal year.