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Walmart posted strong sales and profits that blew past Wall Street expectations as it sets itself up for a strong holiday shopping season.

Walmart CEO Doug McMillon, who over a decade ushered the big-box behemoth into the internet age, will retire in February. He’ll be replaced by U.S. head John Furner.

Walmart has paused offers to candidates requiring H-1B visas, sources said, the latest example of how the Trump administration’s $100,000 visa fees are disrupting workforces.

Walmart has been keeping food prices competitive in a bid to pick up market share. Its grocery business is less exposed to import duties than consumer products like car seats and apparel.

Cracking the trillion-dollar threshold would vault Walmart into a rare group of stocks, one that remains overwhelmingly dominated by technology names.

Users will be able to shop Walmart’s assortment directly on ChatGPT by clicking a “buy” button, said Daniel Danker, Walmart’s executive vice president of AI, product and design.

The facility is expected to open in 2027, and will ship large items to consumers, sometimes for next-day delivery.

Shoppers can receive refrigerated prescriptions along with groceries and other products in a single online order, which can be delivered in as fast as 30 minutes.

Food retailers have posted steady sales in recent years, benefiting from shoppers prioritizing necessities even as they cut spending elsewhere.

Walmart's fulfillment service, which stores and ships products for third-party marketplace sellers, will provide next-day delivery in New York, Los Angeles, Chicago, Houston and Atlanta.