Distribuidora Internacional de Alimentación (DIA) Q1 2026 TU earnings summary

Executive summary

• Sales in Spain grew 11.1% year-over-year in Q1 2026, driven by 8.1% like-for-like growth and 3% from expansion.

• Spain nearly doubled the market's growth rate, consolidating its leadership in proximity retail.

• Argentina showed operational stabilization, though euro-denominated sales fell 19.7% due to currency depreciation.

Financial highlights

• Group gross sales reached €1,763.7M, up 3.2% at constant currency but down 19.7% at current rates year-over-year.

• Net sales in Spain were €1,178.2M, up 11.2% year-over-year; Argentina net sales pre-inflation adjustment were €279.3M, up 19.8% at constant currency.

• Group net sales post-inflation adjustment (IAS 29) were €1,476.8M, up 13.4% year-over-year.

Outlook and guidance

• Management expects 2026 to be a strategic turning point, with Spain as the growth engine and Argentina stabilizing.