Alina Selyuch

Walmart has drawn more higher-income shoppers over the past year and continued to do so in the latest quarter.

Executives say they're seeing lower-income shoppers pull back a bit more, while middle-income spending is steady.

Overall, Walmart's sales grew 4.5% between August and October, with the holiday season described as off to a strong start.

Executives say the company has had to raise some prices because of tariffs, especially on electronics, but generally the impact has been less than many expected.

Walmart also announced it's moving its stock listing from the New York Stock Exchange to Nasdaq to reflect its growing digital operations.

Nasdaq tends to have more tech companies and has rivals Amazon and Costco.

Alina Seluh, NPR News, Washington.

U.S.