Walmart (WMT) shares surged 5.03% in intraday trading on Wednesday, as the retail giant reaffirmed its sales guidance and signaled potential market share gains despite the recent implementation of sweeping tariffs.

In a statement released ahead of its Investment Community Meeting, Walmart maintained its first-quarter sales growth outlook of 3% to 4% and reaffirmed its full-year guidance for sales and operating income growth. This show of confidence comes amid heightened economic uncertainty following President Donald Trump's recent tariff announcements.

John David Rainey, Walmart's Chief Financial Officer, emphasized the company's resilience in turbulent times, stating, "History tells us that when we lean into these periods of uncertainty, Walmart emerges on the other side with greater share and a stronger business." This sentiment suggests that Walmart sees an opportunity to accelerate market share gains in the current economic climate.

The retail behemoth also indicated its readiness to navigate the tariff landscape. Walmart plans to "invest in price as tariffs are implemented," potentially absorbing some of the cost increases to maintain competitive pricing. This strategy could help Walmart attract cost-conscious consumers and further solidify its market position.

While Walmart acknowledged that the range of outcomes for first-quarter operating income growth has widened due to factors including "less favorable category mix" and "higher casualty claims expense," investors appeared to focus on the company's overall positive outlook and strategic positioning.

As global trade tensions continue to impact the retail sector, Walmart's strong performance and forward-looking strategy have clearly resonated with investors, driving the significant stock price increase in today's trading session.