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Walmart 's former U.S. CEO Bill Simon thinks Thursday's stock drop is bizarre.

The big-box retailer lifted its full-year sales and earnings forecast , but the stock still slid 4.5%. Walmart ended Thursday as the Dow's biggest loser.

"It was about as good of a quarter as any retailer could have in any environment," he said on CNBC's "Fast Money ." "I don't get the decline in the market today at all."

Simon, who ran Walmart U.S. from 2010 to 2014, cites Walmart's ability to engage shoppers with lower prices while absorbing tariffs as a key advantage.

"If you liked them yesterday, I don't know why you don't love them today. Topline is growing. They're expanding their margin," he said. "They

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