Sendas Distribuidora S.A. Reports Strong 3Q24 Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 09 2024
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Should l Buy ?
Source: Business Insider
Q3 Earnings Report: Sendas Distribuidora S.A. reported a revenue of R$ 20.2 billion for Q3 2024, a 9.3% increase year-over-year, with EBITDA growth of 12% to R$ 1.0 billion, and opened four new stores during the quarter.
Future Growth Plans: The company aims to reduce its net debt leverage ratio from 3.52x to around 2.6x by the end of 2025 while planning to open six additional stores by the end of 2024, focusing on operational efficiency and customer experience.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
