Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and merchandise, a sign the world's largest retailer continues to gain market share ahead of the holidays.

Adjusted earnings per share eclipsed estimates by $0.05 at $0.58. "We had a really strong quarter," Walmart CFO John David Rainey told Yahoo Finance, noting that e-commerce now makes up 18% of the business overall as consumers lean into convenience via delivery and pickup.

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying more groceries and merchandise online and at its stores, a sign that it may be gaining market share ahead of the holiday season.

Walmart has told its workers that it plans to “win” the holiday season. Ahead of the peak shopping period, the nation’s largest retailer appears well positioned, citing “broad-based strength” across its product range.

Walmart management and shoppers talked about potential changes to help people feel safe this year. The holiday shopping season is about to begin and people are heading to stores, like Walmart. Luis Gonzales and Autumn Cooper were outside the Beavercreek Walmart Tuesday browsing Black Friday deals.

Walmart is heading into the official start of the holiday shopping season with strong tailwinds after ratcheting up better-than-expected fiscal third-quarter sales in many items including toys,