Dino grocer assumes mid-single-digit growth in LFL sales this year

Listed supermarket chain Dino assumes that LFL sales will grow at an average single-digit rate this year, Michal Krauze, Dino's board member and CFO, told PAP Biznes.

"As far as LFL is concerned, in the first quarter we assumed a double-digit LFL (for this year - PAP Biznes note), assuming single-digit inflation. We have the opposite situation, single-digit deflation and we are doing LFL by volume only. That is why we have changed our assumptions and we anticipate that it will be an average single-digit LFL this year," Krauze said during a conference call for investors.

Dino's LFL sales grew by 6.4 percent in H1 (23.3 percent growth a year ago). In Q2, LFL sales growth was 1.8 percent, compared to 20.3 percent growth a year earlier.

pel/ nl/