Supermarket chain Dino Polska tops Q1 profit view, shares surge (updated)

Dino Polska SA

15/05/2026 08:39

Rewrites throughout, adds share price reaction and analyst comment in paragraphs 1, 3 and 4.

GDANSK, May 15 (Reuters) - Polish retail chain Dino Polska DNP.WA late on Thursday reported a slightly higher first-quarter profit of 316 million zlotys ($86.6 million), beating market expectations and sending its shares up to 18% higher on Friday.

The beat was supported by the rapid expansion of its store network, which offset pressure on margins amid cautious consumer spending and intense price competition with discounters like Jeronimo Martins' JMT.LS Biedronka.

The results were a positive surprise, which should significantly improve sentiment towards the company, Trigon analyst Grzegorz Kujawski said, noting that expectations had been lowered after a weak fourth quarter.

The company's shares were among the top performers on Europe's benchmark STOXX 600 index .STOXX in early trading.

Dino, one of Poland's biggest supermarket chains, relies on quick store network expansion especially in smaller towns and rural areas.

Its quarterly profit margin fell to 6.7% from 7.2% a year ago due to a pricing policy that aims to maximise sales volumes amid food price deflation.

Dino said it planned to maintain a similar policy throughout 2026. It expects the number of new store openings to increase by a "dozen or so percent" in 2026 compared to last year.

Capital spending for the year is expected to be around 2.5 billion zlotys, it added.

Dino's revenue grew 14.8% to 8.44 billion zlotys in the first quarter, boosted by the opening of 62 new stores and above-consensus growth of 4.4% in like-for-like sales.

($1 = 3.6482 zlotys)

(Reporting by Alicja Surdy, editing by Milla Nissi-Prussak)

((AlicjaEwa.Surdy2@thomsonreuters.com;))