Executives said Walmart's average hourly wage is nearly $18.
Walmart’s president and chief executive officer Doug McMillon talked up the company’s investment in employees and its rosy outlook for future business at the company’s annual shareholders’ meeting.
Returns improved by more than 200 basis points and the retailer finished up the year with “inventory down, in stock and in a good position,” according to McMillon. In addition, the 9 percent increase in the annual dividend to 83 cents per share that was announced in February was the chain’s largest increase in more than a decade.
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