Thursday, August 14, 2014

Well, of course, CEO McMillion wants stronger sales, so when is he going to raise the pay rates of his employees?

I hardly call $1.21 per share poverty. When are the Walmart employees going to be recognized in their collective bargaining organizations to provide better wages and benefits?

The average Walmart employee earns $19,105 per year while the former CEO earned $20 million per year.

Jim Walton (click here) is ranked by Forbes as 11th WORLD'S billionaires with a net worth of $34.6 billion.

What is wrong with the USA economy? Walmart. It currently employs 2.2 million globally and is the largest employer of Americans paying them poverty wages.

Walmart met analyst expectations (click here) for the second quarter with earnings per share of $1.21 and a 0.6% profit increase.

Walmart reported $4.1 billion in net income Thursday. The retailer posted $119.3 billion in net sales, up 2.8% from last year's $116.1 billion.

Analysts expected earnings per share of $1.21, according to FactSet.

Sales at Walmart U.S. stores open at least a year were flat, continuing a weak trend for the retailer at home. Prior to this quarter, Walmart's U.S. stores had seen five straight quarters of sales declines and six straight quarters of customer traffic declines.

CEO Doug McMillon said in a company statement that he wants to see stronger sales in the U.S. but overall is pleased with the results....