Despite improved margins from cost control and store maturation, the company's high leverage remains a concern, impacting profitability. Valuation shows a potential downside of 6.7%, making the shares unattractive; however, a potential merger with Grupo Mateus could alter the outlook. Overall, advise waiting for further deleveraging and developments regarding the merger before making any change...
Sendas Distribuidora S.A. (NYSE:ASAI ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Gabrielle Helú - IR Director Belmiro Gomes - CEO Vitor Fagá - VP-Finances and IR Sandra Vicari - VP-Commercial and Logistics Conference Call Participants João Pedro Soares - Citi Clara Lustosa - Itau BBA Danniela Eiger - XP Eric Huang - Santander Luiz Guanais - BTG Pactual Fel...
Assai is the second largest grocery player in Brazil's cash and carry segment, with significant growth potential. The company has been aggressively increasing its store count and expects continued organic store growth. Profitability has been impacted by investments in store conversions and store openings, but is expected to improve as the stores mature and SG&A costs decrease.
Sendas Distribuidora SA (NYSE:ASAI ) Q3 2023 Earnings Conference Call October 31, 2023 10:00 AM ET Company Participants Gabrielle Helu - IR Officer Belmiro Gomes - CEO Daniela Sabbag - CFO Wlamir dos Anjos - Chief Commercial Officer Conference Call Participants Danni Eiger - XP Maria Cara - Itau Vinicius Strano - UBS Alexandre Namioka - Morgan Stanley Joseph Giordano - JPMorgan Chase & Co. Joao...
ASAI is generating strong growth during an accelerated expansion phase. The company may benefit from a resilient Brazilian economy and solid consumer spending trends.
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