Walmart said it intends to increase average hourly wages for its U.S. store employees beginning next month, Reuters’ Siddharth Cavale reports. The company’s new wage boost raises its average hourly pay to $17.50 from $17 and will reflect in March 2 paychecks, the author says, citing a company spokesperson. The spokesperson told Reuters in an email that the minimum wage will increase by as much as $2 for staff at its U.S. stores. Reference Link
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on WMT:
- Walmart announces launch of Walmart Business
- Walmart enters partnership with Salesforce to provide solutions for retailers
- Wall Street’s Strong Buys: 2 Retail Stocks with Upside Potential
- The inflation report is coming: Here are 2 blue-chip stocks to shockproof your portfolio
- QReal creates immersive experience for ‘Sweet Tooth’ fragrance on Walmart.com
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue