Sendas Distribuidora Sa ( (ASAIY) ) has released its Q1 earnings. Here is a breakdown of the information Sendas Distribuidora Sa presented to its investors.
Sendas Distribuidora SA, operating under the brand Assaí Atacadista, is a prominent player in Brazil’s cash and carry sector, offering wholesale and retail services across the country with over 300 stores. The company has been recognized for its innovative approach and strong market presence.
In the first quarter of 2025, Assaí Atacadista reported significant growth in its financial performance, with gross sales reaching R$ 20.3 billion, marking a 7.8% increase from the previous year. The company also achieved a net income of R$ 162 million, reflecting a 74.2% rise, and an EBITDA margin of 5.5%, the highest for a first quarter since 2021.
Key highlights from the earnings report include a robust same-store sales growth of 5.5%, the opening of 11 new stores in strategic locations, and a strong focus on operational efficiency and cost control. The company also reported a reduction in net debt by R$ 0.4 billion, contributing to a lower leverage ratio of 3.15x, and a free cash flow of R$ 1.6 billion over the last 12 months.
Looking ahead, Assaí Atacadista plans to continue its strategic expansion with the opening of approximately 10 new stores in 2025, while maintaining financial discipline and focusing on profitability. The company remains committed to enhancing the shopping experience and advancing its ESG initiatives, as evidenced by its inclusion in the Sustainability Index for the third consecutive year.