"Walmart delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it wins over more cash-strapped Americans who have grown increasing anxious about the economy. With other retailers dialing back projections, the nation's largest retailer raised its financial outlook Thursday after its strong third quarter, setting itself up for a strong holiday shopping season."
"Walmart Inc., based in Bentonville, Arkansas, also said Thursday that it will be transferring the listing of its common stock to the tech-heavy Nasdaq from the New York Stock Exchange. It expects its common stock to begin trading on the Nasdaq Global Select Market on December 9, under the the same ticker symbol "WMT." CEO Doug McMillon, who surprised investors with plans to retire early next year, has reshaped Walmart itself as tech-powered retail giant that has leaned heavily into automation and artificial intelligence."
"They have spent months navigating an uncertain economic environment as President Donald Trump's administration imposes wide-ranging tariffs on imports and pursues an immigration crackdown that has threatened to shrink the number of workers availabe in America. Walmart's performance serves as a barometer of consumer spending given its size and vast customer base. The company maintains that 90% of U.S. households rely on Walmart for a range of products, and more than 150 million customers shop on its website or in its stores every week."
Walmart posted strong sales and profits that exceeded Wall Street expectations as more cash‑strapped Americans shopped amid economic anxiety. The company raised its financial outlook after a robust third quarter, positioning itself for a strong holiday shopping season. Walmart will transfer its common stock listing to the Nasdaq Global Select Market, effective December 9, under ticker WMT. CEO Doug McMillon, who accelerated tech, automation, and artificial intelligence initiatives, plans to retire early next year; John Furner will assume the CEO role on Feb. 1. Retailers face tariffs, immigration policy risks, and heightened analyst focus on consumer health.
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