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

Market Movers: Tech Earnings

Market Movers: Tech Earnings

Cloud Gaming Adds Growth Opportunity for Microsoft

Cloud Gaming Adds Growth Opportunity for Microsoft

Dow Dives Sharply on Rates Fears, Tech Shares Sink Nasdaq

Dow Dives Sharply on Rates Fears, Tech Shares Sink Nasdaq

Throwback Thursday: To Trade or Not to Trade Paypal

Throwback Thursday: To Trade or Not to Trade Paypal

Daimler's Going Autonomous With Nvidia to Take On Uber, Ride-Hailing Race

Daimler's Going Autonomous With Nvidia to Take On Uber, Ride-Hailing Race