Walmart showed its muscle in the first quarter, reporting a big jump in online sales, an increase in traffic at its U.S. stores, and earnings that beat the Street.

The chain’s U.S. same-store sales grew for the 11th consecutive quarter, rising 1.4% in the period ended April 30, just beating analysts’ estimates. Online sales surged 63%, compared to 29% growth in the last quarter. Total revenue increased 1.4%, to $117.54 billion, slightly short of the $117.74 billion forecast by analysts, mostly due to the impact of a stronger dollar overseas.

“The overall net revenue gain of 1.4% may not sound stellar, but for a company of the size of Walmart, this is a significant uplift in dollar terms,” commented Neil Saunders, managing director of GlobalData Retail. “At Walmart U.S., the 2.9% increase in net sales equates to an additional $2.1 billion taken over the first quarter — an impressive achievement given 2016 included an extra day of trading from the leap year. From an already high base, Walmart is now winning…