Sendas Distribuidora Sa ( (ASAIY) ) has released its Q2 earnings. Here is a breakdown of the information Sendas Distribuidora Sa presented to its investors.
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Sendas Distribuidora S.A., operating under the brand Assaí Atacadista, is a leading player in Brazil’s food retail sector, specializing in the cash and carry format. The company is recognized for its strong brand value and extensive network of over three hundred stores across Brazil.
In its latest earnings report for the second quarter of 2025, Assaí Atacadista reported a revenue increase of 7.2% year-over-year, reaching R$21 billion. The company also achieved a consistent EBITDA margin of 5.7%, reflecting its focus on disciplined growth and expense control. This performance was bolstered by the maturation of new stores and an expansion in services.
Key financial highlights include a significant 60% rise in net income to R$264 million, driven by operational efficiency despite high interest rates. The company opened 10 new stores in the past year, contributing to a 4.6% increase in same-store sales. Assaí also advanced its phygital strategy, enhancing customer engagement through its app and partnerships with last-mile operators, leading to a 119% growth in related revenue.
Assaí’s management remains committed to reducing leverage, with a target of 2.6x by the end of 2025. The company plans to open 10 more stores by the end of the year, continuing its expansion strategy while maintaining financial discipline. This outlook reflects a positive trajectory for sustained growth and market leadership in the Brazilian food retail sector.