Walmart Recruits the Muppets, and Walton Goggins, to Play Scrooge This Christmas
Walmart's 2026 holiday push, 'A Who Knew Carol,' reworks the Muppet Christmas Carol with Walton Goggins as Scrooge, folding the whole season into one unified campaign instead of a string of seasonal one-offs.

Walmart is betting its holiday quarter on a single unifying bit rather than a rotating cast of seasonal ads: "A Who Knew Carol," a reimagining of 1992's The Muppet Christmas Carol that extends the retailer's "Who Knew?" platform, launched last year to push Walmart's image toward more style- and trend-forward territory. Walton Goggins, who played the Grinch in last year's holiday push, returns as Ebenezer Scrooge, with Kermit the Frog and Miss Piggy along for the haunting and Pepe the King Prawn, who never appeared in the original film, inserted for meme-culture mileage. Stephanie Beatriz plays Scrooge's niece and fronts the Spanish-language spots.
Walmart CMO William White framed the move as a clutter problem: too many competing holiday messages confuse shoppers about what a retailer actually stands for, so one big recognizable bit, built around Scrooge's arc from skepticism to appreciation, does double duty as brand story and sales calendar. Three ghosts structure the media plan around specific commercial beats: gift ideas, Black Friday and Cyber Monday savings, and last-minute delivery promises, including 30-minute Express Delivery. Fallon CEO Nikki Baker, whose agency leads the work alongside fellow Publicis Groupe shops Leo New York, The Community, Digitas, and Zenith, said the Muppet casting was deliberate enough to include jokes acknowledging Walmart didn't exist when the original film was made.
The timing isn't an accident either: Walmart's fiscal Q2 revenue rose 5.9 percent to $187.9 billion with e-commerce up 24 percent, Deloitte expects holiday goods spending up roughly 10 percent year over year, and rival Target is running its own high-concept campaign built around a fictional gift-giving academy. Whoever wins the Scrooge-industrial complex this December, the subtext is the same for both retailers: holiday advertising has stopped being about ornaments and started being about who can own the cultural conversation longest.
Source: Marketing Dive
Kyle Duford, Founder & Editor, BRNDWIRE. More from Kyle →
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