Dia Spain fresh produce aisle

Dia, the Spanish discount grocery retailer that was formerly part of French giant Carrefour, has seen gross sales jump 7.4 per cent during the first quarter of the year, up to €2.82bn.

According to the group, adjusted earnings before interest, taxation, depreciation and amortisation climbed 15.1 per cent to €113.5m, Planet Retail said, while adusted net income soared by 51.5 per cent to €20m.

By the end of the first quarter, the discounter owned 6,826 stores across seven different markets, including Argentina, Brazil, China, France, Portugal, Spain and Turkey.