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Stock impact report

Sendas Distribuidora Q2: High Leverage Overshadows Profitability [Seeking Alpha]

Sendas Distribuidora S.A. ADS (ASAI) 
Company Research Source: Seeking Alpha
Summary 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 changes to the investment position. 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 Sendas Distribuidora and Grupo Mateus, Show less Read more
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