Dino Polska shares jumped 14% on Friday after the Polish grocery chain reported Q1 results that beat expectations.
Revenue reached 8.44 billion zloty, above the 8.37 billion consensus. Like-for-like sales grew 4.4%, topping the 3.8% forecast.
EBITDA of 565 million zloty beat estimates by 9%. EBIT of 419 million zloty exceeded by 11%. Earnings per share of 0.32 zloty edged past the 0.29 zloty consensus.
The company maintains its store expansion plans and capital expenditure guidance of around 2.5 billion zloty.
Barclays analyst Matthew Clements noted some ambiguity in the outlook for like-for-like sales growth.
