02:10 PM EST, 11/22/2024 (MT Newswires) -- Walmart ( WMT ) is gearing up once again to exceed its bonus target for US employees this year on account of its stock performance and healthy sales, Bloomberg reported Friday.

Sources familiar with the matter told Bloomberg that the company planned to pay out as much as 120% of eligible bonuses to its US-based corporate employees.

Walmart ( WMT ) exceeded its bonus target for corporate employees last year, paying as much as 125% to staff.

The company's stock has gone up more than 70% this year, the report said.

Earlier this week, the company posted quarterly results that exceeded estimates, and revised its full-year outlook upwards.

Walmart ( WMT ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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