Sendas Distribuidora Sa (ASAI) has released an update.
Sendas Distribuidora S.A., a leading retailer, has reported robust growth with a revenue hike to R$ 18.8 billion in Q1 2024, marking a significant EBITDA margin increase and strong ‘same store’ sales acceleration. The company’s strategic expansion has led to the opening of 28 new stores and the inauguration of 4 organic stores in densely populated regions, coupled with a successful hypermarket conversion project contributing to increased profitability. Furthermore, Sendas Distribuidora’s phygital strategy has enhanced customer engagement, with the Meu Assaí app surpassing 13 million registered users, indicating a continued customer base expansion.
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