Walmart Raising Minimum Hourly Wage to $15 by End of 2020
January 31, 2023
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Walmart Inc ($NYSE:WMT). is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores. It is also a family owned business, as the company is controlled by the Walton family. On Tuesday, the retail giant announced that they will be raising the minimum hourly wage of their store employees to $14 in March. This raise is part of an effort to ensure that their employees are paid competitively in the markets they operate in. Walmart will also be combining regular annual raises with targeted investments to the starting rates of numerous stores. By the end of 2020, Walmart anticipates that the U.S. average hourly wage will reach $15. This move will positively impact more than one million associates employed at Walmart.
Additionally, Walmart has also announced that it will be providing additional bonuses for eligible associates who have worked for them for more than five years. This move will not only benefit Walmart’s employees but also help the company attract and retain talent. Walmart’s decision to raise its minimum wage comes on the heels of similar decisions made by other retailers such as Target, Amazon and Costco. Other companies have also followed suit in recent years, offering higher wages and better benefits to their employees. This move by Walmart is yet another step in the right direction towards providing its employees with fair and competitive wages.
Market Price
This announcement has been met with positive sentiment in the media, with many praising the move as a step in the right direction. This move by Walmart Inc. to raise its minimum wage follows similar announcements from other large corporations who have made similar commitments. This wage increase is expected to benefit over 1 million Walmart employees who currently earn less than $15 an hour. The company has also promised to offer competitive benefits including profit-sharing and paid parental and family leave. The $15 minimum wage will help many employees of Walmart Inc. escape poverty and provide them with a more secure financial future.
Additionally, this move could have a positive effect on the larger economy, as increased wages may lead to increased consumer spending, boosting economic growth. Walmart Inc.’s decision to raise its minimum wage is an example of how major corporations can play a role in helping to improve the lives of their employees and the economy as a whole. This move is likely to have a positive effect on both Walmart Inc.’s employees and the company’s bottom line in the long-term, as increased wages could lead to increased productivity and lower employee turnover. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Walmart Inc. More…
| Total Revenues | Net Income | Net Margin |
| 600.11k | 8.97k | 1.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walmart Inc. More…
| Operations | Investing | Financing |
| 23.59k | -17.45k | -10.3k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walmart Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 247.66k | 167.27k | 27.98 |
Key Ratios Snapshot
Some of the financial key ratios for Walmart Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.8% | -0.9% | 2.5% |
| FCF Margin | ROE | ROA |
| 1.2% | 12.4% | 3.7% |
VI Analysis
Company fundamentals are the indicators of its long term potential, and having an understanding of those fundamentals is key to making an informed decision when it comes to investments. To simplify this task, the VI app provides a detailed analysis of a company’s financial and business aspects in a simple, easy to use format. For example, the VI Risk Rating for WALMART INC is low in terms of both financial and business aspects, making it a low risk investment. The app helps to identify potential risks that may arise with investments, enabling users to make better decisions. By becoming a registered user, investors can gain further insights into the business and financial areas with the highest potential for risk. The app also provides detailed information about a company’s financial and business performance, allowing users to compare and evaluate different companies and their respective fundamentals before investing. This makes it easier for investors to make more informed decisions about their investments. Furthermore, the app offers a comprehensive view of the company’s financial and business performance, enabling users to make better decisions about their investments. More…
VI Peers
The retail industry is highly competitive, with Walmart Inc competing against Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are vying for market share in the retail sector. Walmart Inc is the largest company in the group, followed by Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are publicly traded on the stock exchange.
– Target Corp ($NYSE:TGT)
Target Corp is an American retail corporation. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target operates 1,851 stores across the United States. The company’s store format includes Target, Target Greatland, and SuperTarget. Target is the second-largest discount retailer in the United States, behind Walmart. The company’s revenue for 2018 was $75.4 billion, and its operating income was $5.9 billion. Target’s net income for 2018 was $3.6 billion, and its total assets were $42.5 billion as of December 31, 2018.
– Sprouts Farmers Market Inc ($NASDAQ:SFM)
Sprouts Farmers Market Inc is a grocery store chain that specializes in selling fresh, natural, and organic food. The company has a market capitalization of $3 billion as of 2022 and a return on equity of 21.14%. Sprouts Farmers Market operates more than 340 stores in 22 states across the United States. The company was founded in 2002 and is headquartered in Phoenix, Arizona.
– Costco Wholesale Corp ($NASDAQ:COST)
Costco Wholesale Corporation is the largest membership warehouse club in the United States. As of 2022, it had a market capitalization of 209.47 billion and a return on equity of 24.62%. Costco Wholesale Corporation is a bulk retailer of food, electronics, and other merchandise. It operates through a chain of membership warehouses in the United States and other countries. Costco Wholesale Corporation was founded in 1976 and is headquartered in Issaquah, Washington.
Summary
Walmart Inc. is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. This is due to its strong sales growth and effective cost management. Walmart has also been successful in leveraging technology to drive its e-commerce growth, which has further bolstered its financial performance.
The company is looking to expand further by raising its minimum hourly wage to $15 by the end of 2020, which is likely to have a positive effect on investor confidence. Walmart is currently a strong investment choice for those looking for capital appreciation and income growth.
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