Walmart had another standout quarter, reporting strong sales and profits that beat Wall Street expectations as it won over cash-strapped Americans who have become increasingly concerned about the economy.
New York — Walmart delivered another standout quarter, reporting strong sales and profits that beat Wall Street expectations as it won over cash-strapped Americans who have become increasingly concerned about the economy.
As other retailers pulled back their forecasts, the nation’s largest retailer raised its financial forecasts Thursday, positioning itself for a strong holiday shopping season.
Wal-Mart, based in Bentonville, Arkansas, also said Thursday that it will move its common stock listing to the high-tech Nasdaq exchange 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 same ticker symbol “WMT.”
CEO Doug McMillon, who surprised investors with plans to do just that Retire early next yearWalmart has reshaped itself as a technology-enabled retail giant that has leaned heavily into automation and artificial intelligence.