Wal-Mart Awards Hourly Workers More Than $200 Million In Bonuses

By Tonya GarciaMarketsMarketWatch Pulse

Wal-Mart Stores Inc. said Wednesday that it had awarded more than $200 million in cash bonuses during the second quarter to more than 900,000 hourly workers. Wal-Mart employs more than 1.5 million associates in the U.S., according to the company's website. The bonuses are part of an incentive plan, based on store performance from May to July. The bonuses are available four times per year. Wal-Mart announced a two-year, $2.7 billion investment in associate training, wages and more in 2015. The bonuses are not part of that commitment, the company said. Wal-Mart shares are up 0.2% in premarket trading. The retail giant's stock is up 17.4% for the calendar year so far while the S&P 500 Index is up 4.7% for the same period.

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