Dino Polska shares fall on Q3 results miss, "weak" LFL

Dino Polska

07/11/2025 09:03

** Polish retailer Dino Polska DNP.WA shares fall 7% after falling as much as 9.5%, as its Q3 results missed market expectations

** Dino reported Q3 net profit of 481.9 million zlotys  ($132.52 million), missing a forecast of 506 million zlotys seen in a Reuters poll

** It's like-for-like sales (LFL) growth fell to 4.4% from 8.8% in the second quarter

** "Q3'25 results came in slightly below market consensus on all lines. The company published relatively weak LFLs, which poor performance was largely due to unfavourable weather conditions," Erste Group analyst Piotr Bogusz says in a note

** He adds that "in unfavourable weather conditions, the Dino chain is performing worse than the Biedronka chain and the difference in LFLs between these chains was at a record low"

** "Nevertheless, we believe that earnings momentum should improve in the coming quarters, driven by accelerated store expansion, normalization of LFLs, and a slowdown in cost growth," Bogusz says

** Dino Polska shares sit at the bottom of Poland's blue-chip index WIG20 .WIG20 and among worst performers on pan-European Stoxx600 .STOXX

($1 = 3.6365 zlotys)

 (Reporting by Adrianna Ebert)

 ((Adrianna.Ebert@thomsonreuters.com))