Spinneys posts Q2 2026 sales growth despite regional instability

Spinneys reported resilient sales growth in the second quarter of 2026, defying regional disruption with a mid-single-digit percentage increase in revenue, according to presentation slides reviewed by Reuters.

The Dubai-based supermarket operator highlighted continued demand for essential goods amid persistent supply chain volatility and geopolitical tensions affecting its regional footprint. Sales growth was supported by stable consumer staples categories, including groceries and household essentials, which offset softer discretionary spending.

Management noted that operational efficiency initiatives introduced over the past year contributed to margin stabilization, though gross margins remained under pressure from elevated logistics costs. The company maintained its full-year outlook, citing steady foot traffic and online order growth as key drivers of performance.

Spinneys operates primarily in the Gulf Cooperation Council markets, where economic activity has been uneven amid fluctuating oil prices and geopolitical uncertainty. The retailer’s ability to sustain growth contrasts with broader retail sector headwinds in the region, where some peers have reported declining comparable-store sales.

Analysts tracking the company attributed its performance to its focus on high-frequency grocery categories and strategic inventory management. Spinneys’ latest quarterly update comes as regional retailers adapt to shifting consumer behavior and supply chain constraints linked to global trade disruptions.