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The retailer increased its guidance for the year, anticipating more price-conscious shoppers would flock to their stores.
Walmart reported results that topped forecasts on Thursday as it gains market share amid an uncertain consumer environment.
Walmart expects upper- and middle-income shoppers to keep spending this holiday season, CFO John David Rainey said.
A move to the Nasdaq is the latest step in Walmart's effort to position itself as tech-forward as it competes with Amazon.