Spanish discount retailer Dia has recorded a “solid” first quarter with earnings boosted by “strong” sales momentum in Brazil and Argentina.
In the three-month period, net profit reached EUR15.6m (US$20.4m), a 10.2% increase on the prior year period. EBIT climbed 16.3% to EUR47.5m.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Sales edged up to EUR2.35bn from EUR2.34bn last year, while like-for-like sales increased 0.4%, negatively calendar effects and bad weather in Iberia, Dia said.
The retailer said it is on-track to deliver full-year double-digit underlying EPS growth.
Click here to view the full release.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
