Dino Polska flags slowing growth as consumers turn cautious
27/03/2026 06:52
March 27 (Reuters) - Polish food retailer Dino DNP.WA said late on Thursday that its sales rose at a slower rate in 2025 owing to lower food inflation and growing uncertainty among consumers, with the impact partially offset by the rapid expansion of its network. Dino, which competes with Jeronimo Martins' JMT.LS Biedronka among others, said it added 345 new shops in the year. The net result for the fourth quarter of the year came in at 367.7 million zlotys ($99.2 million), missing an estimate of 445 million in a Reuters poll "The year 2025 was a time when customers shopped more carefully... and in very many purchasing decisions were guided by price," board member Michał Krauze said in a statement, adding that deflation in Poland at year-end hurt sales Like-for-like sales grew 4.4% in 2025, slowing from the 5.3% growth in 2024 Dino said full-year revenue rose 15% year-on-year to 33.63 billion zlotys For 2026, Dino plans to increase the number of new store openings by a "double-digit percentage" and aims for higher like-for-like growth, while noting its pricing policy will prioritize sales volumes over margin Last week, Jeronimo Martins warned of a potential impact of geopolitical instability on Biedronka's results ($1 = 3.7066 zlotys) (Reporting by Alicja Surdy and Boleslaw Lasocki) ((boleslaw.lasocki@thomsonreuters.com))