The Dia Group achieved a turnover of 4,068.9 million euros during the first nine months of this year, a 0.8% less compared to the same period in 2023. According to the company, this decrease is due to the complex macroeconomic context of Argentinaas reported this Thursday by the National Securities Market Commission (CNMV).
More precisely, in Spain, Day recorded a growth of 4.8% of its turnover over the first nine months of the year, until 3,161.4 million euros, while in Argentina they were in the 907.5 million euros, which represents a 16.6% less.
For their part, the gross sales under the banner of the group in which they were placed 5,726.1 million euros until September, supported by the good results of the activity in Spain, growing above the market on a comparable basis, but impacted by the drop in sales in Argentina, as well as by the departures of the group from Brazil, Portugal and Clarel.
In the third quarter, the group’s gross sales reached 1,778 million euros, or 1.8% more than last year, thanks to growth in Spain, which offset the drop in consumption in Argentina. At the consolidated level, the sale of the activities of Brazil, Portugal and Clarel they represent a negative impact on the variation in sales compared to 2023.
In Spain, Dia recorded gross sales of 1,335 million euros in the third quarter, up 4.3% compared to the same period of the previous year, with comparable sales growing by 4.4%while in Argentina they amounted to 442.1 million euros, a 5% less.
In this way, the supermarket chain indicated that in an environment of low food inflation Like that experienced in the third quarter in Spain, it was able to boost its sales thanks to volume growth, which allowed it to gain market share by comparable area in recent quarters.
Dia specified that the main levers of this growth in the Spanish market were the number of tickets and the frequency of boughtwho maintain a positive trendwith an increase of 6.2% in the third quarter and a decrease in the average basket amount of 1.7%, confirming the commitment to the proximity model, as well as its fresh offer, which continues to gain weight in the basket of its customers, and by offering a balanced assortment between manufacturer brands and own-brand products.
Furthermore, the channel online It is also consolidating itself as a growth engine for the brand after recording an increase of 36.2% compared to the third quarter of 2023.
Dia sales fall in Argentina
Concerning Argentina, sales in the country were impacted by a complex macroeconomic context, with sharp drop in consumptionwhich impacted turnover, which reached 442 million euros, or 5% less.
However, the brand continues to build on its value proposition of proximity and competitive prices, strengthening its own brand, which allowed it to gain market share during the quarter on a comparable basis, while the “in line” recorded an increase of 28.9%. thanks to the modernization of its ‘ecommerce’ platform.
In this way, Grupo Dia had a total of 3,350 stores until September, which represents 2,086 fewer compared to 5,436 for the same period of the previous year, after the sale of the stores in Alcampo, as well as the sale of the Clarel activity, in Portugal and Brazil.
The global CEO of Grupo Dia, Martin Tolcachirhighlighted that the third quarter of the year allowed the company “to string together two and a half consecutive years of comparable sales growth in Spain and to continue to gain market share in comparable areas in both countries” .
“The strong performance in Spain underlines the success of the total transformation of the company and the fact that more and more customers are choosing and returning to Dia, making it their favorite neighborhood and online store. For the rest of the year, we will focus on continuing our organic growth, connecting and retaining more and more customers,” he emphasized.
