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Walmart is expanding its 10% employee discount to nearly all grocery items, including dairy and meat. The discount was previously limited to fresh produce and general merchandise and was only available during the year-end holidays. The discount program, first introduced over 50 years ago, is among the company's most requested benefits by staff. Walmart has also raised wages for its hourly workers and launched a bonus program for frontline staff. The stock has a consensus Strong Buy rating among analysts and a price target of $112.15, implying 7.91% upside from current levels.
Walmart (WMT) has announced an expansion of its employee grocery discount program, offering a 10% discount on nearly all grocery items, including dairy and meat. This move comes as the retailer faces increasing competition and rising tariffs that could lead to higher prices for consumers. The discount, previously limited to fresh produce and general merchandise during the holiday season, is now available to all employees after their first 90 days with the company [1].
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