Most profitable companies of the Fortune
Walmart Stores
Photograph by Gunnar Rathbun — Invision for Walmart
The largest company by revenue, Walmart WMT -2.29% posted a slim 2% increase in profit, climbing to $19.2 billion, as the world's biggest retailer added nearly 33 million square feet of retail space, with 511 net units globally. But Walmart made major waves earlier this year by announcing current and future associates would make at least $1.75 more than the minimum wage, implying pay of $9 per hour. And in early 2016, minimum salaries would rise to $10 per hour. The new wage structure is expected to hit Walmart's operating income this year.
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