The Dia supermarket chain, present in Spain, Portugal, Argentina and Brazil, managed to close 2020 with the first improvement in sales in years. Specifically, it increased sales by 0.2%, to 6,882 million. The company will present its accounts on February 26, but provided the data this Thursday to the National Securities Market Commission (CNMV).
Like-for-like sales, (excluding store closings or new openings), increased 7%. Day takes all 2020 in the process of transforming its network of establishments. Now it has 6,169, almost 7% less than a year ago.
In the fourth quarter, it had a turnover of 1,688 million, which is 5.6% less compared to the same period in 2019, but it did increase comparable sales by 6.9%. The first part of the year, sales performed better, so this drop is attributable to their collapse in Brazil and Argentina, markets where Dia is also present.
These 2020 results are the first annual sales progress after the serious crisis experienced by the chain, which ended with the launch of a takeover bid by the largest shareholder, the change of management and the implementation of a transformation plan to recover sales, which were collapsed.
Spain
In Spain “it has maintained its positive sales trajectory”, although it has 8% fewer establishments in the year. Specifically, the company achieved sales of 1,143.2 million in the fourth quarter, an increase of 9%. In the whole of the year 2020, net sales reached 4,508 million in our country, with a growth of 8%.
“The positive behavior of comparable sales during the fourth quarter at Grupo Dia, continuing the trend already observed throughout 2020, was due to the impact of continuous operational improvements, as well as an improved fresh supply that we are offering to our customers when they need us most, “said Dia CEO Stephan DuCharme.
Dia highlights the increase of more than 23% in the size of the average basket, which compensates for the 13% drop in the number of tickets. In other words, we are going to buy fewer times, but when we go to the supermarket, we fill the basket more.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
