Sendas Distribuidora (ASAI) has released an update.
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sendas Distribuidora has announced a strategic revision of its expansion plans, delaying some new store openings initially planned for 2025 to reduce financial leverage amidst changing interest rate conditions. The company anticipates opening around 10 new stores in 2025 and returning to its previous expansion pace with 20 new stores in 2026, while investing R$ 1.0 to 1.2 billion in improvements and innovations. This move aims to manage its net debt and maintain a robust growth trajectory in the Brazilian retail market.
For further insights into ASAI stock, check out TipRanks’ Stock Analysis page.
