Walmart (WMT) CEO Doug McMillon thinks Wall Street is finally respecting the retail giant's turnaround.

"Walmart is changing, and we are trying to accelerate the pace of that change," McMillon explained to TheStreet when asked what investors -- who have sent shares up 41% this year to a record -- might be seeing in the company. "People might be recognizing that the change is actually happening on top of some assets that are really valuable."

To be sure, that change showed up in the third quarter.

Walmart notched third quarter sales of $123.2 billion, up 4.2% from the prior year. Adjusted earnings of $1.00 a share were up about 2% from the same quarter last year. Wall Street expected Walmart to report earnings of 97 cents a share on sales of $121 billion.

The retailer's U.S. division saw same-store sales gain 2.7%, with same-store traffic increasing 1.5%. U.S. e-commerce sales, an area of focus for the company, exploded 50%.

Check out TheStreet's Other Influencer Interviews

More from Stocks

Netflix Will Probably Make Its Earnings Number, Jim Cramer Says

Netflix Will Probably Make Its Earnings Number, Jim Cramer Says

Jim Cramer's Take on Netflix Earnings (and the Other FAANG Stocks)

Jim Cramer's Take on Netflix Earnings (and the Other FAANG Stocks)

Fossil Shares Rise After Company Announces Plan to Sell Tech to Google

Fossil Shares Rise After Company Announces Plan to Sell Tech to Google

Companies Call For Substantive Solution to Trade Tensions

Companies Call For Substantive Solution to Trade Tensions

Netflix Shares Fall After Company Reports Mixed Earnings Results

Netflix Shares Fall After Company Reports Mixed Earnings Results