Sendas Distribuidora (ASAI) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Sendas Distribuidora has reported impressive growth in 3Q24, with net sales reaching R$ 18.6 billion, a 9.2% increase from 3Q23, bolstered by new store openings and enhanced shopping experiences. The company’s expansion strategy has successfully increased customer traffic, with about 40 million monthly visitors, and improved profitability, as seen in their EBITDA growth to R$ 1.0 billion. Additionally, the company’s innovative app ‘Meu Assaí’ has fostered stronger customer engagement, contributing to higher sales and frequency of purchases.
For further insights into ASAI stock, check out TipRanks’ Stock Analysis page.
