WMT Stock In Spotlight After FY26 Outlook Raise, Outgoing CEO McMillon Says Retailer Is Winning Market Share

• The company said it expects annual adjusted earnings per share to be between $2.58 and $2.63, compared with its previous expectation of $2.52 to $2.62.
• The retailer also announced it will transfer the listing of its common stock to The Nasdaq Stock Market LLC. 
• Walmart’s third-quarter net revenue came in at $179.5 billion, beating Wall Street expectations of $175.2 billion, according to data compiled by Fiscal AI.

Walmart (WMT) outgoing CEO Doug McMillon said on Thursday that the retailer’s e-commerce was a bright spot again during the third quarter and that the company was gaining market share.

“We’re gaining market share, improving delivery speed, and managing inventory well. We’re well-positioned for a strong finish to the year,” McMillon said in a statement.

The retailer now expects fiscal 2026 net sales to increase 4.8% to 5.1%, up from its prior forecast of a 3.75% to 4.75% rise. The company said it expects annual adjusted earnings per share to be between $2.58 and $2.63, compared with its previous expectation of $2.52 to $2.62.

Walmart has seen more shoppers scour its aisles, with analysts noting that the retailer’s efforts to offer groceries and essentials at lower prices than other chains have helped pull in customers, including from higher-income households, at a time when tariffs have hiked product prices across the country.

Retail sentiment on Walmart jumped to ‘bullish’ from ‘bearish’ territory compared to a day ago, with message volumes at ‘high’ levels, according to data from Stocktwits.

Walmart To Transfer Listing To Nasdaq

The retailer also announced it will transfer the listing of its common stock to The Nasdaq Stock Market LLC. Walmart said it expects its shares to begin trading on Nasdaq on December 9, 2025, under its current ticker symbol "WMT".

It added that in addition to its common stock listing, Walmart will also transfer the listing of nine bonds to Nasdaq.

“Moving to Nasdaq aligns with the people-led, tech-powered approach to our long-term strategy,” said CFO John David Rainey.

“Walmart is setting a new standard for omnichannel retail by integrating automation and AI to build smarter, faster and more connected experiences for customers, while enabling our associates to deliver even greater value at scale,” Rainey added.

Walmart’s Q3 Results

The retailer’s third-quarter net revenue came in at $179.5 billion, beating Wall Street expectations of $175.2 billion, according to data compiled by Fiscal AI.

The company’s quarterly adjusted earnings per share were 62 cents. Analysts on an average were expecting 60 cents per share.

Walmart’s results come amid a CEO transition, with longtime head McMillon set to retire from the company in January after over a decade of leading the retailer, overseeing its transition into a more tech-powered, omnichannel retailer, and automating several of its stores.

Last week, Walmart said McMillon will be succeeded by the retailer’s U.S. division CEO, John Furner, effective February 1, 2026.

Shares of Walmart were down marginally in premarket trading. The company’s stock has gained over 11% this year. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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