Walmart Canada keeps making gains in grocery, reports higher average transactions

, International

One of Walmart Canada's locations.

TORONTO — Walmart Canada’s performance has bounced back in a big way, which is not great news for this country’s incumbent grocers.

Canada’s largest mass merchant reported a healthy same-store sales increase of 6.7 per cent in the first quarter ended April 30, its eighth straight quarter of gains in Canada after a period of same-store declines. Same-store sales strip out the effect of added square footage on sales performance, and are a key performance bellwether in the retail industry. Store customer traffic grew 4.6 per cent, the retailer said Thursday.

“The performance was driven by improvements in our merchandise assortment and price investment, which led to strong customer traffic growth,” chief financial officer Brett Biggs said during the retailer’s quarterly call for analysts and investors.

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