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 a 3% contribution from expansion.

• Spain's performance outpaced the market, gaining 20 bps in market share and reinforcing its leadership in the proximity segment.

• Argentina showed operational stabilization, with a 5.9% year-over-year decrease in like-for-like sales volume but a 10 bps market share gain.

Financial highlights

• Gross sales under the banner reached €1,411.5M in Spain (+11.1% YoY) and €352.1M in Argentina (-19.7% YoY at current FX).

• Group gross sales totaled €1,763.7M (+3.2% YoY at current FX), with net sales at €1,457.5M pre-IAS 29 (+3.5% YoY).

• IAS 29 adjustment for hyperinflation in Argentina resulted in group post-adjustment sales of €1,476.8M (+5.4% YoY).

Outlook and guidance

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

• The company targets 100 net store openings in Spain for the year, with continued focus on proximity and customer choice.