Wal-Mart Stores Inc (NYSE:WMT) stock was on the rise today following news of its strategic plans for the future.

During its annual meeting for investors, Wal-Mart Stores Inc provided some updates on its business. Firs off, it says that it is still expecting earnings per share to range from $4.30 to $4.40 for fiscal 2018. Wall Street is expecting the company to report earnings per share of $4.38 for the fiscal year.

Wal-Mart Stores Inc also provided guidance for fiscal 2019 in its recent meeting with investors. The retailer is expecting earnings per share for fiscal 2019 to be up 5% from the year prior. Analysts are expecting earnings per share for fiscal 2019 to be $4.62.

Wal-Mart Stores Inc says that it is also expecting major improvements in ecommerce starting in fiscal 2019. It expects ecommerce in the U.S. to increase by 40% during the year, which is good news for WMT stock. The retailer also says that it will be adding 1,000 additional online grocery locations in the U.S. in fiscal 2019.

According to its recent meeting with investors, Wal-Mart Stores Inc is expecting net sales for the full year of fiscal 2019 to increase by 3%. The company says this will be due to growth in ecommerce and comp-sales. The company says this will remain true so long as currency exchange rates remain as they currently are.

“We feel good about where we are as a company,” Brett Biggs, CFO of Wal-Mart Stores Inc, said in a statement. “Our financial position is strong, which allows us to invest in the business while returning significant cash to shareholders.”

WMT stock was up 5% as of Tuesday afternoon and is up 22% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.