Walmart Inc. (NASDAQ:WMT) is among them 13 Best Defensive Stocks for 2025.
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On March 5, Erste Group acquired Walmart Inc. (NASDAQ: WMT ) downgraded to buy-to-hold.
Earlier, on February 26, Reuters reported that Walmart had agreed to pay $100 million to settle income-related costs for delivery drivers. The U.S. Federal Trade Commission said the company’s actions cost drivers tens of millions of dollars. The FTC, along with 11 states, filed a complaint alleging that Walmart misled both customers and drivers. According to the agency, the company has claimed that all customer tips will go directly to the drivers. It also showed inflation-adjusted base pay and tip amounts for drivers participating in the Spark Driver Delivery Program.
The FTC said the settlement includes not only a $100M payment but also restrictions on the company’s face. Under the agreement, Walmart cannot misrepresent potential earnings in delivery offers to Spark drivers. A Walmart spokesperson said the company has already issued payments to affected drivers and will continue to make additional payments when appropriate.
The FTC also emphasized that employee protection is a priority. The agency has asked companies involved in gig work to provide clear and accurate information and maintain robust compliance systems.
Walmart Inc. (NASDAQ: WMT) serves as a technology-powered omnichannel retailer. The company operates retail and wholesale stores, warehouse clubs, e-commerce websites, and mobile apps in multiple regions, including the United States, Africa, Canada, Central America, Chile, China, India, and Mexico.
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