The Financial Post reports in its Thursday, May 7, edition that Loblaw's discount stores outperformed its conventional banners in the first quarter of 2026 as cash-strapped consumers sought better value for their dollar. The Post's Denise Paglinawan writes that Loblaw on Wednesday released its earnings results for the quarter ended March 28, reporting overall revenues of $14.72-billion, a 4.2-per-cent increase from the previous year. This included retail revenue of $14.48-billion. Loblaw said it will raise its quarterly dividend by 10 per cent to about 15.52 cents per share. Sales growth in food retail and e-commerce, along with increased customer traffic and new store openings drove topline performance for the quarter. Food retail same-store sales were up 2.4 per cent, while drug retail same-store sales increased by 4.1 per cent. Its e-commerce sales rose 20.3 per cent, led by growth in PC Express delivery, as well as its integration of third-party delivery options. Loblaw opened five discount stores and eight Shoppers Drug Mart locations this quarter, with plans to open a total of 30 stores this year. Growth in Loblaw's conventional stores continues to be led by its Fortinos and T&T banners.