Loblaws first-quarter profit came in at $594 million, up from $503 million last year.
First-quarter revenue grew by 4.2 per cent to $14.7-billion.
Sales from new discount stores – No Frills and Super C – accounted for almost half of the total sales increase.
Sales from existing stores increased by 2.4 per cent which is about half of the increases due to food inflation.
