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The latest announcement is out from Sendas Distribuidora ( (ASAI) ).
Sendas Distribuidora has reached a significant milestone with the opening of its 300th Assaí store in Caraguatatuba, marking the completion of a major hypermarket conversion project initiated in 2022. This expansion solidifies its presence in densely populated and high-income areas, enhancing its market position. The company plans to open additional stores by the end of 2024 and continue its growth in 2025 with an investment plan of R$ 1.0 to R$ 1.2 billion, aiming to reduce its leverage ratio to approximately 2.6x by the end of 2025.
More about Sendas Distribuidora
Sendas Distribuidora, operating under the brand Assaí Atacadista, is a prominent retail company in Brazil specializing in the cash-and-carry segment. It focuses on providing low prices combined with a superior shopping experience, and is a widely recognized name in both physical and digital retail markets.
YTD Price Performance: -63.24%
Average Trading Volume: 635,175
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.37B
For an in-depth examination of ASAI stock, go to TipRanks’ Stock Analysis page.
