American retail giant Walmart has significantly raised its annual profit forecast after reporting exceptionally strong quarterly sales, outperforming Wall Street predictions. The surge is attributed to a growing number of budget-conscious shoppers turning to the discounter amidst ongoing economic anxieties.
Strong Performance in a Sluggish Economy
While many other retailers are scaling back their projections, Walmart Inc. posted standout results for the latest quarter. The company confirmed it is winning over more cash-strapped customers who are increasingly seeking value for money. This trend has positioned the Bentonville, Arkansas-based firm for a robust holiday shopping season, as it continues to attract shoppers prioritising essentials and deals.
The announcement was made on Thursday 20 November 2025. In a further significant development, the world's largest retailer revealed plans to transfer the listing of its common stock from the New York Stock Exchange to the tech-focused Nasdaq.
Strategic Shifts and Leadership Transition
The company expects its common stock to begin trading on the Nasdaq Global Select Market on December 9. It will retain its well-known ticker symbol, "WMT". This move aligns with the technological transformation championed by CEO Doug McMillon.
Under McMillon's leadership, Walmart has been reshaped into a tech-powered retail giant, heavily investing in automation and artificial intelligence to streamline its operations. McMillon, who recently surprised investors with plans to retire early next year, has been instrumental in steering the company through this period of significant change and growth.
This powerful quarterly performance, combined with its strategic stock exchange move and tech-focused direction, solidifies Walmart's dominant position in a challenging retail landscape.
