Walmart economy retail consumers.

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, setting itself up for a strong holiday shopping season. The Bentonville, Arkansas-based company also said that it will be transferring the listing of its common stock to the tech-heavy Nasdaq from the New York Stock Exchange. 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.