Dino Polska sees that the customer is more cautious when shopping, but sees a sustained increase in the value and volume of the shopping cart, board member Michal Krauze said.
“As far as volumes are concerned, of course, we see that the customer is more cautious at the moment when it comes to shopping, making very thoughtful purchases. But in our case, we see all the time an increase in volume and basket value, driven mainly by traffic,” Krauze said during a conference call with analysts.
He pointed out that when it comes to suppliers’ price lists, their upward trend will stop and slowly reverse.
“As for Easter, we haven’t counted the effect exactly, but the impact of shifting Easter by a week compared to last year is about 1 percentage point at the like-for-like level. As for the [suppliers’] pricing issues, I wouldn’t want to give away too many details, although we hope that these upward trends have already stopped and will slowly reverse,” Krauze indicated.
Consolidated sales revenues reached PLN 5544.29 million in Q1 of this year, up 46.3% year-on-year. LfL sales growth was 27.2% in Q1, following an increase of 20.4% a year earlier.
Source: Dino Polska and ISBnews
