Sendas Distribuidora Q2: High Leverage Overshadows Profitability
Assaí Atacadista(ASAI) Seeking Alpha·2024-09-07 21:14
Smile/DigitalVision via Getty Images Investment Thesis I recommend holding Sendas Distribuidora (NYSE:ASAI) shares after its Q2 results. The company reported mixed results, with a healthy 11.8% revenue growth and margin gains. However, there was a slowdown in same-store sales growth and profitability was negatively impacted by higher financial expenses, which makes me cautious and reiterate the recommendation from my last report. The period after the results also saw rumors of a possible merger between S ...