Sendas Distribuidora Boosts Growth with Expansion
Company Announcements

Sendas Distribuidora Boosts Growth with Expansion

Sendas Distribuidora (ASAI) has released an update.

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.

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